Oh yeah I forgot that, the money trap that I am talking about is the one where China offers a really generous debt to developing countries like Sri Lanka and Papua New Guinea, the catch is that they will only use companies from China to build the infrastructure and have half of the workforce there Chinese and most of the debts given can't be paid by the developing country so China takes a part or takes the land where the infrastructure was built so basically they conquered a small land by drowning them in debt.
The fact is that the poor nations have no other option. They can't get loans from the Western nations, because these nations are themselves knee-deep in debt. China seems to be the only country with surplus money. So if a poor nation wants to build a railway line or airport, taking a loan form China seems to be the only option. All that said, I don't think that the Western nations are any better than the Chinese. A perfect example is the 1998–2002 Argentine great depression. Western agencies forced the Argentine government to agree to a lot of unfair terms when they defaulted. The same happened a decade ago, with Cyprus.
This is happening in my country too! Chinese companies are investing a lot, they are giving credits for big infrastructural projects... of course, their companies are working on them!
I am not sure what to say is there some other option or not... I believe the main role here plays money, like always! But that money ends up in politician pockets, and of course, Chinese companies are earning too, while we are just slaves that work for minimal wages in unconditional metal boxes!
Money rules everywhere, and the Chinese are full of it! So they are going around the world, pushing whatever they can push! It's not like they are first who are doing that, and probably not the last one! But sadly there's so little for little man, like always!
