Search For "china debt"
Laos economic crisis intensifies amid Chinese debt
Updated : 3 years, 5 months ago IST
Vientiane [Laos], October 12 (ANI): The escalating debt crisis in Laos is pushing the country toward a meltdown and even experts believed that Vientiane is on the brink of loan default.
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China looking for new ways to resolve current debt quagmire: Report
Updated : 3 years, 5 months ago IST
Beijing [China], October 3 (ANI): After the first version of China's flagship Belt and Road initiative was blocked, Beijing is working on a 2.0 version while being open to accepting some losses on loans and renegotiating debt, something it had been previously unwilling to do, a report said.
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China falls into its own debt trap as loans under Belt and Road Initiative
Updated : 3 years, 5 months ago IST
Beijing [China], October 3 (ANI): China is falling into its own debt trap as the country's banks have sharply reduced lending to low-income countries under its flagship Belt and Road initiative (BRI) after the crumbled economies of borrowing countries have left the Asian giant with huge pile
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China's debt trap policy boomerangs amid slowing foreign economies
Updated : 3 years, 5 months ago IST
Beijing [China], October 1 (ANI): China's debt trap policy has boomeranged with many loans to emerging economies falling into repayment troubles due to financial distress and a slowing economy.
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Manage ties with India, engage China on debt relief: Blinken tells Bilawal
Updated : 3 years, 5 months ago IST
Washington [US], September 27 (ANI): US Secretary of State Antony Blinken met Pakistan Foreign Minister Bilawal Bhutto Zardari on Monday and held talks on several key issues including the importance of managing ties with India and engagement with China on the issue of debt relief.
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China uses clever tactics of African countries' loan waiver to change its
Updated : 3 years, 5 months ago IST
Beijing [China], September 25 (ANI): After eyebrows were raised on China's debt trap policy under its Belt Road Initiative (BRI), it announced a loan waiver for African countries to change the narrative, however, the amount of these loans was not even 1 per cent of its total lending to the c
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United States asks China to cooperate with Sri Lanka's debt structuring
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], September 13 (ANI): A United States diplomat asked China to cooperate with Sri Lanka's debt restructuring and advised the island nation to be responsible for future borrowings while agreeing to participate in the re-structuring of Sri Lanka's debt.
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China spreading its debt tentacles in Central Asia
Updated : 3 years, 6 months ago IST
Beijing [China], September 11 (ANI): China's influence has been quietly expanding in a more pervasive way in Central Asia. Since 2000, Beijing has been expanding its lending activities in Central Asia.
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Stung by global criticism of BRI, China finally puts up a defence
Updated : 3 years, 6 months ago IST
Beijing [China], September 9 (ANI): Growing world criticism of China's controversial debt-trap program, the Belt and Road Initiative (BRI), appears to be stinging the communist leadership. For the first time, the government is on the defensive and is offering an explanation that "it is a roa
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Laos debt pressure on rise, owes large sum of foreign debt to China: Exper
Updated : 3 years, 6 months ago IST
Nong Khai [Thailand], September 8 (ANI): The economic situation of Laos continues to worsen as the country is under a severe shortage of foreign reserves and owes a hefty sum of foreign debt to China as the country is suffering from twin deficits, a senior economist at Thailand's Krungsri Re
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Xi congratulates Sri Lanka's new president Wickremesinghe, looks forward t
Updated : 3 years, 7 months ago IST
Colombo [Sri Lanka], July 22 (ANI): China, which turned a blind eye to Sri Lanka while it struggled with the economic and political crisis, is now looking forward to advancing bilateral ties and traditional friendship between the two countries, as evident from President Xi Jinping's congratu
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China's debt trap diplomacy responsible for economic calamity in Sri Lanka
Updated : 3 years, 8 months ago IST
Washington [US], July 20 (ANI): China's debt trap diplomacy has become a major cause of Sri Lanka's unprecedented economic crisis due to the failure of the island nation to take better steps to restructure its debts in dialogue with the IMF.
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