Search For "chinese loans"
China aiding militarization in African countries through loans
Updated : 3 years, 10 months ago IST
Beijing [China], May 9 (ANI): The Chinese loans in Africa, which are widely seen as extensions of the country's debt-trap diplomacy are being used by the recipient countries not just for infrastructure spending, but also for militarization, with defence companies from China being one of the
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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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Chinese high-cost loans prime culprit for Lankan economic woes
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 19 (ANI): Sri Lanka's current economic crisis does not seem to slow down due to its major dependence on Chinese loans as well as its inability to repay debt amid a state of emergency and intense protests in the island nation.
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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 Lankan leaders use Chinese money for personal benefit, say locals arou
Updated : 3 years, 11 months ago IST
Hambantota [Sri Lanka], April 10 (ANI): Amid one of the worst economic crises in Sri Lanka, locals around the country's Hambantota port blame the government for the situation the island nation is facing at present while saying that the leaders use the money they receive from China for the
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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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Imran Khan requests Chinese premier to refinance loan as economy stays in
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], March 25 (ANI): Amidst a weakening economy, Pakistan Prime Minister Imran Khan has requested Chinese Premier Li Keqiang to further refinance an RMB 15 billion loan that was extended to the country three years ago for another three years on existing terms and conditions,
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China arm-twists Pakistan for endorsing human rights violation of Uyghur M
Updated : 4 years ago IST
Islamabad [Pakistan], March 12 (ANI): Badly dependent on Chinese loans and investments to shore up its sagging economy, Pakistan endorsed all the acts of human rights violation by China, said a media report.
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Sri Lanka getting closer to India to deal with Chinese 'debt trap'
Updated : 4 years ago IST
Colombo [Sri Lanka], February 20 (ANI): Sri Lanka is moving away from China while getting close to India over the failure of Colombo to pay back Chinese loans worth USD 4.5 billion, amidst fears of a "debt trap".
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Pakistan's dependence on China for economic well-being going to increase:
Updated : 4 years, 1 month ago IST
Beijing [China], February 7 (ANI): The handshake between Pakistan Prime Minister Imran Khan and Chinese President Xi Jinping on February 6 for the Beijing Winter Olympics) portrays that Beijing's grip over Islamabad is much more than ceremonial or symbolic, according to political analysts.
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Pakistan cedes strategic pipeline contract to China to repay mountain of d
Updated : 4 years, 3 months ago IST
Islamabad [Pakistan], December 3 (ANI): Pakistan has started ceding important projects to Beijing as a way out to repay the mountain of debt arising out of Chinese loans as the Imran Khan government recently awarded the contract for the construction of 3,021 km of the strategic crude oil pip
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Chinese loans to other countries are predatory, opaque in nature: Report
Updated : 4 years, 8 months ago IST
Tel Aviv [Israel], June 21 (ANI): Chinese loans have surpassed lending by the World Bank and the International Monetary Fund combined together. It has become the largest global overseas creditor accounting for close to 65 per cent of the world's official bilateral debt with outstanding forei
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