Search For "chinese debt"
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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China's BRI isn't quite as lucrative as often advertised: Report
Updated : 3 years, 9 months ago IST
Colombo [Sri Lanka], August 20 (ANI): Easy Chinese investment poured into BRI projects abroad isn't quite as lucrative as often publicized and sparsely generates sufficient revenue to justify the cost, according to Stockholm-based non-profit and non-partisan research and policy organization.
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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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Unclear data on Chinese debts poses challenges for Sri Lanka's negotiation
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], July 23 (ANI): Newly-appointed Sri Lankan President Ranil Wickremesinghe has a tough task ahead of him negotiating a financial lifeline from the International Monetary Fund (IMF) to help his country combat its worst-ever economic crisis but what makes the process diffic
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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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It's in China's interest to restructure Sri Lanka's debt: Yellen
Updated : 3 years, 10 months ago IST
Bali [Indonesia], July 15 (ANI): Amid the ongoing financial crisis in island nation, US Treasury Secretary Janet Yellen has said that China is a "very important" creditor of Sri Lanka and it would likely be in the interest of both countries if Beijing participated in restructuring Colombo's
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China wishes to penetrate Africa's political landscape with its 'debt-trap
Updated : 3 years, 10 months ago IST
Beijing [China], July 8 (ANI): After offering loans to countries in Africa, China is now leveraging the "debt trap" to strategically penetrate the continent's political landscape.
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Is Bangladesh next to fall in China's debt-trap diplomacy?
Updated : 3 years, 10 months ago IST
Dhaka [Bangladesh], July 4 (ANI): In a quest for rapid progress and development, Bangladesh is falling under the debt trap of China by sponsoring infrastructure projects.
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