The People’s Republic of China’s Belt and Road Initiative has provided an interesting window into the economic practices of the PRC in developing nations. While the Belt and Road Initiative, often referred to as BRI, promises immense growth potential for those involved in its construction, it has also brought the PRC’s predatory lending practices, also termed debt-trap diplomacy, to light. These actions provide an excellent context to potential future PRC actions in the cryptocurrency market, particularly given the increasing potentiality of a PRC-backed cryptocurrency.
Source: Strategic Study India
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