Search For "debt trap"
China's international lending and developing world's indebtedness increase
Updated : 2 years, 10 months ago IST
China lends money to developing countries with high interest and with easier access to cash flow and it becomes difficult for the nations to repay.
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Indonesia becomes more reliant on China, likely to face Sri Lanka-type deb
Updated : 2 years, 10 months ago IST
Indonesia, the largest economy in Southeast Asia has grown its debt to China over time and used more Chinese yuan in its international trade. Indonesia will find it more challenging to fend off China's escalating aggression in the South China Sea as it becomes more dependent on China, Nepal-
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China's BRI and 'Debt Trap Diplomacy' in African countries
Updated : 2 years, 11 months 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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Indonesia worries about whether it might fall into Sri Lanka-like debt tra
Updated : 2 years, 11 months ago IST
Indonesia is worried over the possibility of falling into a debt trap like Sri Lanka by China as the country has seen complaints about the decision to go with China over Japan to build a high-speed railway, reported Nikkei Asia.
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Why China's SINOPEC is interested in export-oriented oil refinery in Sri L
Updated : 2 years, 11 months ago IST
Moreover, the current government once again announced a new big project that China is ready to start in Hambantota. The news is that a massive oil refinery aimed at export will be built in Hambantota with Chinese investment. This massive Chinese project is currently undergoing preliminary wo
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China's "yuan diplomacy": A new form of debt trap
Updated : 2 years, 11 months ago IST
News reports suggested that China has now been trapping African nations into debt and as part of "forgiving" that debt China wants them to use the Chinese CBDC the Digital Yuan for all international commerce, trade and finance payments. By doing so, China has been establishing the Digital Yu
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China now bails out countries after pushing them into 'debt-trap'
Updated : 2 years, 12 months ago IST
American officials have accused China of engaging in "debt trap diplomacy" that is saddling countries with excessive debt for construction projects carried out by Chinese companies often using Chinese engineers, Chinese workers and Chinese equipment.
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Nepal drowning in Chinese debt trap
Updated : 2 years, 12 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
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Chinese debt trap hurdles Zambia's progress: Report
Updated : 3 years 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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Chinese investors hesitant to finance new projects in Pakistan amid its di
Updated : 3 years 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.
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Defaulting Pakistan takes the steam out of CPEC
Updated : 3 years ago IST
China's ambitious CPEC project launched in 2013 was flawed from the beginning when it was assumed that it would be able to generate jobs and growth in Pakistan.
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Economic crisis stalls China-Pakistan Economic Corridor programme
Updated : 3 years, 1 month ago IST
The CPEC project that was commenced a decade ago was held as a harbinger of prosperity for Pakistan. However, seven years later, many projects under the CPEC still remain non-starters while some of those being operational have become liabilities and are incurring losses.
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