Chinese debt casts shadow over Maldives’ economy

Chinese debt trap has cast a shadow over Maldivian economy with some estimates suggesting that island nation maybe owing huge amount to Beijing. China has faced criticism for its infrastructure projects in the developing countries, which are disguised as debt traps intended to increase Chinese footprints in the region. According to a BBC report, a 2.1 km (1.3-mile), four-lane bridge was built with USD 200m (Pound 148m) from Beijing. The Sinamale bridge or China-Maldives Friendship Bridge, the first built between any islands in the Maldivian archipelago, has also led to a boom in new property and commercial developments on the…