Cambodian government is always seen standing against the world for defending China and its debt diplomacy, however, China’s debt and security arrangements with Cambodia signal a greater plan for South East Asia. The ever-increasing Chinese debt in the country serves as a major red flag for them. Cambodia’s external debt which was more than USD 9 billion in 2021 is expected to cross USD 10 billion by the end of 2022. More alarming is the fact that more than 40 per cent of it is believed to be owed to China; making the country quite vulnerable to Chinese debt policy, reported the Financial Post.
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