Search For "china debt"
Major lender China faces 'debt bomb' at home: Report
Updated : 2 years, 8 months ago IST
China which has lent nearly 1 trillion USD to some 150 developing countries is itself facing a 'debt bomb' at home, compelling Beijing to be reluctant in cancelling large debts owed by countries struggling to make ends meet.
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India playing role of bridge between Global South, developed democratic co
Updated : 2 years, 8 months ago IST
India has improved relations with the industrialised members of the Group of Seven (G7). This year, India participated in the G7 Summit in Japan and has been actively acting as a link between the Global South and the camp of developed democratic countries
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China's local governments finding it difficult to service debt as fiscal p
Updated : 2 years, 9 months ago IST
According to S&P Global Ratings analysts, local government direct debt exceeded 120 per cent of revenue in 2022.
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China's actions exacerbating Pakistan's debt issue
Updated : 2 years, 9 months ago IST
By December 2022, Pakistan's external debt had reached USD 126 billion; accounting for 35 per cent of its GDP. The problem is an outcome of legacy issues plaguing the Pak economy including dwindling foreign exchange reserves, high inflation, a lack of foreign investments and balance of payme
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China skips Sri Lankan debt restructuring meeting in Washington
Updated : 2 years, 9 months ago IST
Sri Lanka is already facing an economic crisis due to the COVID-19 pandemic and financial mismanagement, especially during Gotabaya Rajapaksa's presidency. He granted an unprecedented tax benefit to big companies soon after the election. As a result, the government lost a lot of revenue due
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Has China trapped Afghanistan in its sinister debt trap diplomacy?
Updated : 2 years, 9 months ago IST
After leaving a number of smaller countries 'high and dry', China, the current villain in global politics, has now set its sights on Afghanistan, a war-torn South Asian country that has been facing increasing global marginalisation owing to its appalling human rights track record.
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Damage done to trust is immense when nation violates deal: Jaishankar
Updated : 2 years, 10 months ago IST
"When nations disregard their legal obligations or violate long-standing agreements, as we have seen, the damage to trust and confidence is immense. It is therefore essential that all of us take the long view of our cooperation, rather than a tactical one of our interests," Jaishankar sai
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China's international lending and developing world's indebtedness increase
Updated : 2 years, 10 months ago IST
China lends money to developing countries with high interest and with easier access to cash flow and it becomes difficult for the nations to repay.
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Indonesia becomes more reliant on China, likely to face Sri Lanka-type deb
Updated : 2 years, 10 months ago IST
Indonesia, the largest economy in Southeast Asia has grown its debt to China over time and used more Chinese yuan in its international trade. Indonesia will find it more challenging to fend off China's escalating aggression in the South China Sea as it becomes more dependent on China, Nepal-
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African nations wary of China's soft loan trap
Updated : 3 years ago IST
Witnessing the living example of Sri Lanka's economic crisis, African countries, which are caught in China's soft loan trap, are fearing that Beijing won't bail them out, Pardafas.com reported.
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China's huge investments in countries, a front for debt trap diplomacy: Re
Updated : 3 years, 1 month ago IST
China is making huge investments in underdeveloped or poor countries ultimately setting them up for defaulting on China's loans and making compromises to China
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'US must show some sincerity, actually do something to help Sri Lanka': Ch
Updated : 3 years, 1 month ago IST
After US Under Secretary of State for Political Affairs Victoria Nuland during her visit to Sri Lanka said that the terms extended by China to Colombo for IMF debt relief are not enough, the Chinese Foreign Ministry has now retaliated saying that rather than commenting upon Beijing's ties wi
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