China Debt Diplomacy

China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.

Chinese President Xi Jinping today pledged to step up China's support across the debt-distressed African continent with funding of nearly $51 billion, backing for more infrastructure initiatives and a promise to create at least 1 million jobs.

The terms of the restructuring agreed upon will provide the space for Sri Lanka to implement its reform agenda.

The External Affairs Minister also said that it is important to maintain the Indian Ocean as a free, open and inclusive space.

Inclusion of African Union as a permanent member of the G20 underlines New Delhi's efforts to build an inclusive and balanced bloc - which "echoes aspirations of the Global South" and reflects a more accurate portrait of global economic realities.

Over the past few years, the U.S. has accused China of using "debt diplomacy" to make developing nations across the world more dependent on Beijing.

Prominent Sri Lankan Member of Parliament (MP) Dr Wijeydasa Rajapakshe has accused China of indulging in the economic invasion, corruption and debt-trap diplomacy in the island nation.

Prime Minister Narendra Modi and his Mauritian counterpart Pravind Jugnauth today jointly inaugurated the new Supreme Court building of Mauritius at Port Louis.

Chinese funds are not for "vanity projects" in Africa but are to build infrastructure that can remove development bottlenecks, Chinese President Xi Jinping said on Monday, telling Chinese firms they also had to respect local people and the environment

China has a plan to "isolate" India and Japan and project its power with an aim to control the Indian Ocean region, a US lawmaker warned on Thursday. Beijing, he said, has its eyes set on Taiwan, which it claims as part of China. The American lawmaker went on to say that Beijing's plan is to turn neighbouring country Taiwan into "a major nuclear an...

China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.

Chinese President Xi Jinping today pledged to step up China's support across the debt-distressed African continent with funding of nearly $51 billion, backing for more infrastructure initiatives and a promise to create at least 1 million jobs.

The terms of the restructuring agreed upon will provide the space for Sri Lanka to implement its reform agenda.

The External Affairs Minister also said that it is important to maintain the Indian Ocean as a free, open and inclusive space.

Inclusion of African Union as a permanent member of the G20 underlines New Delhi's efforts to build an inclusive and balanced bloc - which "echoes aspirations of the Global South" and reflects a more accurate portrait of global economic realities.

Over the past few years, the U.S. has accused China of using "debt diplomacy" to make developing nations across the world more dependent on Beijing.

Prominent Sri Lankan Member of Parliament (MP) Dr Wijeydasa Rajapakshe has accused China of indulging in the economic invasion, corruption and debt-trap diplomacy in the island nation.

Prime Minister Narendra Modi and his Mauritian counterpart Pravind Jugnauth today jointly inaugurated the new Supreme Court building of Mauritius at Port Louis.

Chinese funds are not for "vanity projects" in Africa but are to build infrastructure that can remove development bottlenecks, Chinese President Xi Jinping said on Monday, telling Chinese firms they also had to respect local people and the environment

China has a plan to "isolate" India and Japan and project its power with an aim to control the Indian Ocean region, a US lawmaker warned on Thursday. Beijing, he said, has its eyes set on Taiwan, which it claims as part of China. The American lawmaker went on to say that Beijing's plan is to turn neighbouring country Taiwan into "a major nuclear an...