Search For "chinese debt trap"
China's BRI and 'Debt Trap Diplomacy' in African countries
Updated : 3 years ago IST
More than 200 BRI cooperation agreements had been signed by 140 nations at the start of 2021, serving as frameworks for Chinese businesses to construct infrastructure projects like ports, railways, power plants, and telecommunication networks using low-interest Chinese loans to host countrie
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Nepal drowning in Chinese debt trap
Updated : 3 years, 1 month ago IST
Recently inaugurated Pokhara International Airport has come up with a USD 215 million loan from the Chinese EXIM Bank. The terms for this financing are highly adverse for Nepal's economy. The rate of interest charged on this loan is 2 per cent, much higher than what other multilateral lender
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Chinese debt trap hurdles Zambia's progress: Report
Updated : 3 years, 2 months ago IST
Zambia is under a heavy debt burden, and the post-Covid economic recovery is slow. In such a situation, it is difficult to upgrade the dilapidated road connecting its mining sites to export destinations in the lack of funds to build infrastructure, Africa Daily Digital reported.
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Africa in desperate need for alternatives to tackle China's debts
Updated : 3 years, 6 months ago IST
As the global economy is moving towards recession, African countries, where China has leveraged lopsided loans for geopolitical gain, are in debt distress and need alternatives fast.
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West Asia and North Africa region need to be prudent with Chinese debt-tra
Updated : 3 years, 7 months ago IST
Beijing [China], October 14 (ANI): West Asia and North African regions need to tread cautiously when lending Chinese contracts as by expanding its regional footprints, China is pursuing its policy of gradually laying down the debt trap and turning these regions into its economic colonies, me
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Global debate over China's debt trap policy
Updated : 3 years, 8 months ago IST
Beijing [China], September 13 (ANI): Amid raising concerns over the Chinese debt trap policy, a strong international debate is being surfaced on the dangers of Beijing's Belt and Road Initiative (BRI) projects in several South Asian countries.
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Sri Lanka, Pakistan, Maldives stand neck-deep in Chinese debt: Forbes
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], September 12 (ANI): Sri Lanka, Pakistan and Maldives are among the biggest debtors of China. Pakistan owes USD 77.3 billion of external debt to China, according to Forbes.
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Chinese debt trap diplomacy behind Sri Lankan's bankruptcy: Expert
Updated : 3 years, 8 months ago IST
Brussels [Belgium], September 10 (ANI): The debt trap policy of China has affected the Sri Lankan economy as Colombo was declared bankrupt due to Beijing's Belt and Road Initiative projects in the south Asian country, according to experts.
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Bangladesh faces heavy losses due to tax evasion by Chinese companies
Updated : 3 years, 8 months ago IST
Dhaka [Bangladesh], September 7 (ANI): Chinese companies are often found involved in malpractices that cause huge losses to several South Asian countries where they operate.
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Chinese oil giant Sinopec likely to enter Lankan fuel market amid Beijing'
Updated : 3 years, 9 months ago IST
Beijing [China], August 8 (ANI): As Sri Lanka continues to remain in the Chinese debt trap, the biggest petrochemical company in China, Sinopec, is likely to start retail operations in the Lankan fuel market, local media said citing sources.
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Zambia calls off Chinese loans, saves itself from falling in Beijing's deb
Updated : 3 years, 9 months ago IST
Lusaka [Zambia], August 6 (ANI): Southern African nation, Zambia, seems to have understood China's debt-diplomacy, which only reaps profits to Beijing while countries are pushed towards an economic crisis, as Lusaka cancelled USD 1.6 billion Chinese loans.
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Angolan model viewed as early example of Chinese debt-trap tactics
Updated : 3 years, 10 months ago IST
Rome [Italy], July 20 (ANI): Angola is retreating in terms of its relations with China as the relationship was forged by Beijing for purely serving strategic self-interest in the early 2000s, and has been labelled a 'marriage of convenience.
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