Search For "chinese loan"
ED arrests four masterminds in fake chinese loan app scam
Updated : 1 year, 4 months ago IST
The Enforcement Directorate (ED) has arrested four masterminds in connection with fake chinese loan app scam ongoing across the country, the agency said on Friday.
Read More
ED attaches Rs 3.72 crore assets in Chinese loan app case
Updated : 1 year, 6 months ago IST
The Enforcement Directorate (ED) has attached properties worth Rs 3.72 crore under the Prevention of Money Laundering Act (PMLA), 2002 in the case of Xue Fei, a Chinese national, and others related to Chinese loan app case.
Read More
Kenya spends USD 1 billion in a year to repay Chinese loans, burdening tax
Updated : 1 year, 10 months ago IST
Amid unrest in Kenya due to debt distress, it is reported that the country has spent 152.69 billion KES (approximately 1 billion USD) to repay debt to China in the just-ended financial year, highlighting the burden on taxpayers in servicing loans taken to build a modern railway and other inf
Read More
'High-powered' collaboration between China, Pakistan under CPEC diminishe
Updated : 2 years, 8 months ago IST
The so-called 'high powered' collaboration between Beijing and Islamabad under the China-Pakistan Economic Corridor: a 3000 km Chinese infrastructure network project undertaken in Pakistan now appears to take a noticeable shift, facing significant challenges, a report by the Daily Asian Age
Read More
China's BRI and 'Debt Trap Diplomacy' in African countries
Updated : 3 years, 1 month 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
Read More
China's debt diplomacy threatens African countries natural assets, soverei
Updated : 3 years, 1 month ago IST
Concerns have particularly focused on some clauses that allow Chinese entities to seize property or assets when there are defaults.
Read More
Pakistan's economy spiralling out of control as friendly nations refuse t
Updated : 3 years, 2 months ago IST
Pakistan is in a fix as it has entered into a vicious cycle of borrowing loans to pay off the debts it had taken earlier, thus displaying the scenario that the country's economy will spiral out of control as even friendly countries refused to provide any more easy financial bailout or intere
Read More
Nepal drowning in Chinese debt trap
Updated : 3 years, 2 months 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
Read More
Pakistan scales up in terrorism index, falls further deep into economic cr
Updated : 3 years, 2 months ago IST
Deaths by Tehrik-e-Taliban Pakistan (TTP) doubled while Islamic State-Khorasan (ISK) increased sevenfold in Pakistan. The BLA was responsible for a third of these deaths in Pakistan.
Read More
Chinese investors hesitant to finance new projects in Pakistan amid its di
Updated : 3 years, 2 months ago IST
Beijing is not happy with the strict conditions of the International Monetary Fund (IMF) for the resumption of the USD 6 billion bailout package program, which may exacerbate Pakistan's economic troubles and draw scrutiny to Chinese loans.
Read More
US concerned Chinese loans to Pakistan, Sri Lanka may be used for "coerciv
Updated : 3 years, 3 months ago IST
"Concerning Chinese loans to countries in India's immediate neighbourhood, we are deeply concerned that loans may be used for coercive leverage," Lu said.
Read More
International airport built with Chinese assistance, donations inaugurated
Updated : 3 years, 5 months ago IST
Nepal Prime Minister Pushpa Kamal Dahal on Sunday inaugurated the country's third international airport, built in the backdrop of the Annapurna Mountain Range with Chinese loans and donations.
Read More