China's Belt and Road Initiative (BRI): Debt Quagmire or a Ridge Rope for Struggling Economies

Abstract

China is an emerging superpower expanding its influence all over the world. But Chinas rise is a peaceful one and will be beneficial for the countries that are being involved in the process of development through the BRI. This project is a comprehensive portrait of the complex interdependence between China and the developing economies. China is getting the opportunities to expand its market and to secure its integrity beyond its borders. Emerging China is offering a chance to the developing economies to recover and further promote their economies. The BRI can be a debt quagmire or a ridge rope for the concerned states, depending upon the perception and use of it. Unfortunately, the growing influence of China is troubling the current hegemonic positions. This papers intention is to analyze the reality of the debt trap diplomacy, whether it actually is a trap or is being negatively propagated to contain Chinas rapidly growing power.