Search For "debt trap"
Bangladesh Finance Minister warns developing nations of Chinese loans stra
Updated : 3 years, 7 months ago IST
Dhaka [Bangladesh], August 10 (ANI): Warning developing countries of taking Chinese loans through its Belt and Road Initiative (BRI), Bangladesh's finance minister Mustafa Kamal said that the nations must think twice about these loans as Beijing's poor lending decisions risk pushing these na
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Laos finds itself in China's 'debt trap': Report
Updated : 3 years, 7 months ago IST
Vientiane [Laos], August 10 (ANI): Laos, a south-east Asian nation is at a high risk of default as the country has taken huge loans from China to build its large-scale infrastructure projects, giving new momentum to the 'debt trap' diplomacy.
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Chinese oil giant Sinopec likely to enter Lankan fuel market amid Beijing'
Updated : 3 years, 7 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, 7 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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China's image declines due debt-trap policy, human rights issues
Updated : 3 years, 8 months ago IST
Kathmandu [Nepal]/Islamabad [Pakistan], July 26 (ANI): China's image as a preferred investor in Asia have suffered due to policies leading to debt traps along with the human rights situation in the country.
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Report says Pakistan is victim of Chinese trade deficit
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 25 (ANI): Merged with a debt trap, the Chinese Belt and Road Initiative has jolted the financial stability of many other countries including Pakistan which faces a severe deficit in trade balance with Beijing.
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Xi congratulates Sri Lanka's new president Wickremesinghe, looks forward t
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], July 22 (ANI): China, which turned a blind eye to Sri Lanka while it struggled with the economic and political crisis, is now looking forward to advancing bilateral ties and traditional friendship between the two countries, as evident from President Xi Jinping's congratu
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China's debt trap diplomacy responsible for economic calamity in Sri Lanka
Updated : 3 years, 8 months ago IST
Washington [US], July 20 (ANI): China's debt trap diplomacy has become a major cause of Sri Lanka's unprecedented economic crisis due to the failure of the island nation to take better steps to restructure its debts in dialogue with the IMF.
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Angolan model viewed as early example of Chinese debt-trap tactics
Updated : 3 years, 8 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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Laos default would give new momentum to China "debt trap" diplomacy
Updated : 3 years, 8 months ago IST
Vientiane [Laos], July 17 (ANI): Laos, a south-east Asian nation is on the edge of default after building a China-financed high-speed train, giving new momentum to 'debt trap' diplomacy criticism.
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It's in China's interest to restructure Sri Lanka's debt: Yellen
Updated : 3 years, 8 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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Nigeria's economy disrupted amid China's debt-trap diplomacy
Updated : 3 years, 8 months ago IST
Beijing [China], July 9 (ANI): China's debt-trap diplomacy in Nigeria is posing a serious threat to the country's economy as Beijing accentuates its infamous loan facilities to the African nation for investments in projects ranging from infrastructure to agriculture.
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