Search For "china debt"
Laos default would give new momentum to China "debt trap" diplomacy
Updated : 3 years, 8 months ago IST
Vientiane [Laos], July 17 (ANI): Laos, a south-east Asian nation is on the edge of default after building a China-financed high-speed train, giving new momentum to 'debt trap' diplomacy criticism.
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China's once profitable railways record USD 900bn debt amid push for expan
Updated : 3 years, 8 months ago IST
Beijing [China], July 8 (ANI): What was once China's profitable high-speed railways is now heading towards a trillion-dollar disaster after reports of debt nearing a whopping USD 900 billion.
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Kenya's debt obligations towards China more than double in one year
Updated : 3 years, 10 months ago IST
Nairobi [Kenya], May 20 (ANI): Kenya's debt obligations towards China have shot up by a staggering 135.15 per cent in the last one year on the back of Chinese-funded infrastructure projects in the African country.
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Scrapping CPEC Authority no panacea for Pakistan from Chinese debt-trap: R
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], April 28 (ANI): Even while the newly-elected Shehbaz Sharif government in Pakistan has decided to abolish the China-Pakistan Economic Corridor (CPEC) Authority, the move will not save Islamabad from falling into the Chinese debt trap, said a media report.
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Sri Lanka minister says country in talks with China for debt refinancing
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 26 (ANI): After talks with International Monetary Fund (IMF) amid the ongoing economic crisis in the country, Sri Lanka's Mass Media Minister Nalaka Godahewa on Tuesday said that the country is in talks with China as well for refinancing its debt.
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Maldives may face Sri Lanka-like economic crisis if not careful in taking
Updated : 3 years, 10 months ago IST
Male [Maldives], April 23 (ANI): Maldives and Sri Lanka-- two nations whose economies are heavily dependent on tourism-- suffered a big blow due to COVID-enforced regulations after the outbreak of the pandemic.
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Biggest contributor to Sri Lanka's economic crisis is 'mismanagement': Bud
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 16 (ANI): The President of the Asian Buddhist Conference for Peace (ABCP) - Sri Lanka National Centre, Dr Maitipe Wimalasara Maha Thera on Saturday blamed the "mismanagement" of economic policies by the country's leadership for the present turmoil.
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China needs to improve its lending practices: World Bank President
Updated : 3 years, 11 months ago IST
Warsaw [Poland], April 14 (ANI): China needs to improve its lending practices in the developing world, especially in terms of transparency in the loans it provides, according to the World Bank President.
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Sri Lanka succumbs to China's debt-trap diplomacy: Report
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 12 (ANI): Sri Lanka, a thriving island country with a population of 22 million, has succumbed to China's debt-trap diplomacy while Colombo battles most significant economic crisis in decades amid mounting debt repayment woes.
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Pakistan, Sri Lanka crises lessons for countries to not fall for China's d
Updated : 3 years, 11 months ago IST
Washington [US], April 12 (ANI): The over-dependence on China for economic development could be a miserable option for any country, and the latest examples of it, are Pakistan and Sri Lanka which have been facing a dire financial crisis at present, according to reports.
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Bangladesh hurt by Chinese workers' disrespect for local sentiments
Updated : 3 years, 11 months ago IST
Dhaka [Bangladesh], March 28 (ANI): Bangladesh is not only falling into the 'debt trap' of China but also the Islamic nation is hurt by the disrespect to its religion by the Chinese workers in the country, media reports said.
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Sri Lanka faces Chinese 'strategic trap': Expert
Updated : 3 years, 11 months ago IST
Colombo [Sri lanka], March 26 (ANI): Amid the ongoing economic crisis in the country, a Sri Lankan expert has held inward policy approaches of the government along with the Chinese 'strategic trap' responsible for the precarious situation, the island country faces.
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