Indonesian Journal of International Relations
Vol 8 No 1 (2024): INDONESIAN JOURNAL OF INTERNATIONAL RELATIONS

POTENTIAL CHINESE DEBT TRAP IN INFRASTRUCTURE DEVELOPMENT (CASE STUDY OF THE JAKARTA-BANDUNG HIGH-SPEED RAILWAY PROJECT)

Afifah , Nadia Renata Nur (Unknown)
Badaruddin , Muhammad (Unknown)



Article Info

Publish Date
22 Feb 2024

Abstract

This study aims to determine the potential that will occur from Chinese loans in the Jakarta-Bandung High-Speed Train infrastructure project. This research uses qualitative methods with a case study approach. This paper discusses the Jakarta-Bandung High-Speed Train project with an analysis of debt trap theory through the analysis of four main aspects that are categorized, namely: first, financial transactions occur in the form of Chinese loans with Indonesia. Second, Indonesia does not have the potential to repay its debt burden to China based on the country's foreign exchange reserves, Indonesia's GDP level against projected debt returns to China, and China's debt rating in Indonesia. Third, the construction of KCJB took place in the period 2013-2023. Based on research and analysis that has been done, it is obtained that the Jakarta-Bandung High-Speed Train project has the potential for a debt trap from China because it meets all four aspects of the debt trap theory

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Journal Info

Abbrev

ijir

Publisher

Subject

Social Sciences

Description

IJIR is a scientific journal focuses on the issues of states relations both in the regional and international scope. Mostly on, but not limited to, Indonesia and the Southeast Asian region. IJIR is published by and served as the official journal of the International Relations National Association ...