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There is no Chinese "debt trap" in Brazil
Brazilians writing about Brazil in the Brazil Report. Brazil Report says Brazil has carefully avoided Chinese debt where it involves taking on debt that has risks for repayment. Brazil has not joined the BRI Belt and Road Initiative and it staking out its own debt free path to development like India. Xinhua in a recent article calls the "debt trap" a rhetorical trap set by the US and EU, arguing with World Bank figures that debt of Ecuador, Brazil, and Argentina is 6.8%, 0.6% and 1.2% of GDP for these countries.
Here are the projects China has financed in Latin America using its technologies and manufacturing, $15 billion of greenfield investment in 2019, $12 billion in 2020-2022.
Monterrey Metro and tram, Bogota Metro, Panama Canal fourth bridge
Chancay megaport Peru
Brazil- BYD EV plant, Santos port terminal, Curitiba 5G City, Cauchari solar plant
Las Mambas copper mine, Lithium mines Argentina
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