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RMB by 067hriday.ahuja is a document available to read on EtoBox.
China uses debt diplomacy through its Belt and Road Initiative to establish strategic influence over developing nations. Several countries like Sri Lanka and Zambia have accumulated large debts from Chinese infrastructure loans that they are unable to repay. This gives China leverage to seize control of key assets or demand natural resources. India finds itself in a similar situation, as Russian oil exporters now demand payment in Chinese yuan for crude purchases. While cheaper for India, this contributes t
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- 067hriday.ahuja
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- EN