If the US wants to counter China's Belt and Road Project, it should offer a suitable alternative instead of merely talking about how it's debt trap diplomacy.
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An ailing economy that has high youth unemployment rate and anemic growth and cannot control its monetary policy is willing to take money from who ever is willing to give. Big Deal! When Italian Navy is doing war games with China.. call me.
This is a whole lot of symbolism and a costly one for those putting money. Its not Americans who do not want this dog and pony show, its the Germans.
Russians and Chinese are playing the same game, with different tactics and some elements of western media are eating it. They are weak internally and use these external symbolism as a "proof of strength" back home.