The Stigmatized Kyaukpyu Project: The Biggest Trap is the “Debt Trap” Theory Itself
Debt Trap is originally a western economic term, meaning that a debtor accepts a debt tempted by certain interests and then is trapped in a long-term debt obligation which is hard to get free from due to high interest rates, changing pay-off plans or unreasonably high penalties for late payments.
China & The World Aug 13, 2018