Search For "debt trap"
China looking for new ways to resolve current debt quagmire: Report
Updated : 3 years, 5 months ago IST
Beijing [China], October 3 (ANI): After the first version of China's flagship Belt and Road initiative was blocked, Beijing is working on a 2.0 version while being open to accepting some losses on loans and renegotiating debt, something it had been previously unwilling to do, a report said.
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China falls into its own debt trap as loans under Belt and Road Initiative
Updated : 3 years, 5 months ago IST
Beijing [China], October 3 (ANI): China is falling into its own debt trap as the country's banks have sharply reduced lending to low-income countries under its flagship Belt and Road initiative (BRI) after the crumbled economies of borrowing countries have left the Asian giant with huge pile
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China's debt trap policy boomerangs amid slowing foreign economies
Updated : 3 years, 5 months ago IST
Beijing [China], October 1 (ANI): China's debt trap policy has boomeranged with many loans to emerging economies falling into repayment troubles due to financial distress and a slowing economy.
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China's 73rd National Day: Protest erupts in Bangladesh against Chinese op
Updated : 3 years, 5 months ago IST
Dhaka [Bangladesh], October 1 (ANI): As the Chinese government is celebrating its 73rd 'National Day', protests erupted in Bangladesh against the persecution of Uyghur Muslims by the Chinese government, debt trapping Dhaka through various projects and ill-treatment of Bangladeshi workers
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China uses clever tactics of African countries' loan waiver to change its
Updated : 3 years, 5 months ago IST
Beijing [China], September 25 (ANI): After eyebrows were raised on China's debt trap policy under its Belt Road Initiative (BRI), it announced a loan waiver for African countries to change the narrative, however, the amount of these loans was not even 1 per cent of its total lending to the c
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South-East Asian nations show red card to China through economic means
Updated : 3 years, 6 months ago IST
Jakarta [Indonesia], September 21 (ANI): China has not been able to strike strategic takeovers with South-East Asian nations as the countries have complimented their own development with China's economic growth and have been able to dodge the communist nations' debt-trap diplomacy.
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Colombo crisis fueled by Chinese loans rings alarm for international commu
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], September 16 (ANI): Sri Lanka's economic crisis has become a wake-up call for the international community as the country has emerged as a straightforward example of falling prey to China's debt trap diplomacy as the unprecedented economic and social crisis in the country
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Global debate over China's debt trap policy
Updated : 3 years, 6 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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United States asks China to cooperate with Sri Lanka's debt structuring
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], September 13 (ANI): A United States diplomat asked China to cooperate with Sri Lanka's debt restructuring and advised the island nation to be responsible for future borrowings while agreeing to participate in the re-structuring of Sri Lanka's debt.
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Sri Lanka, Pakistan, Maldives stand neck-deep in Chinese debt: Forbes
Updated : 3 years, 6 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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China spreading its debt tentacles in Central Asia
Updated : 3 years, 6 months ago IST
Beijing [China], September 11 (ANI): China's influence has been quietly expanding in a more pervasive way in Central Asia. Since 2000, Beijing has been expanding its lending activities in Central Asia.
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Chinese debt trap diplomacy behind Sri Lankan's bankruptcy: Expert
Updated : 3 years, 6 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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