China Debt Trap
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As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
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.
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China Pledges Another $51 Billion For Debt-Distressed Africa - New Debt Trap?
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.
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Opinion: Maldives Should Avoid China's Debt Trap
Amidst its row with India and President Muizzu opting for China as his first stop, the island nation wants Chinese tourists to make up for losses due to Indian cancellations.
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India's "Vicious Cycle Of Debt Traps" Warning At UN Meet Presided By China
In a veiled attack on China, India said that the international community should work on transparent and equitable financing and be vigilant towards the dangers of unsustainable financing which leads to a vicious cycle of debt traps.
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Sri Lanka Confirms Major Debt Deal With China
The terms of the restructuring agreed upon will provide the space for Sri Lanka to implement its reform agenda.
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In Sri Lanka, Jaishankar Warns About Dangers Of "Hidden Agendas". Target Was China
The External Affairs Minister also said that it is important to maintain the Indian Ocean as a free, open and inclusive space.
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Bangladesh Careful About Chinese Loans, Says Prime Minister Sheikh Hasina
Bangladesh PM Sheikh Hasina said her government was "very much careful" about issues of development partnership with China and Dhaka was not dependent on any particular country for overseas assistance, amid global concerns over debt to Beijing.
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Pakistan Following Sri Lanka's Path Into Chinese Debt Trap: Report
Pakistan's already fragile economy suffered another setback when recently China demanded repayment, by November 2023, of USD 55.6 million for the Lahore Orange Line Project, reported Italian publication Osservatorio Globalizzazione.
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India Must Convince Neighbours Against Debt Trap Of China: Gen Bipin Rawat
Amid efforts by China to increase its footprint in the Indian Ocean, CDS General Bipin Rawat said that India should focus on Security and Growth for All in the Region (SAGAR) initiative to foster its relations with its maritime neighbours.
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China "Belt And Road" Drive: $385 Billion "Trap" And Counting
China's ambitious foreign infrastructure push has saddled poor nations with "hidden debt" worth $385 billion, and more than a third of the projects have been hit by alleged corruption scandals and protests, a study said Wednesday.
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Maldives Keen To Free Itself From China Debt, Venkaiah Naidu Told: Report
Maldives' Parliament speaker Mohamed Nasheed on Monday met Vice President Venkaiah Naidu and conveyed that his country is keen to disentangle from China's debt trap, sources said.
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Southeast Asia Wary Of Key China Project, Sceptical Of US: Survey
Southeast Asian countries should be cautious in negotiating with China on its flagship Belt and Road Initiative (BRI) to avoid being trapped in unsustainable debt, 70 percent of respondents said in a policy survey released on Monday.
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Pak Indicates It May Rethink 'Debt Trap' Project, China Responds
China on Tuesday sought to defend the massive trade corridor project with Pakistan after Prime Minister Imran Khan reportedly decided to slash Chinese investments and review the multi-billion dollar CPEC project.
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Fearing Debt Trap, Pak Rethinks Chinese 'Silk Road' Projects
After lengthy delays, an $8.2 billion revamp of a colonial-era rail line snaking from the Arabian Sea has become a test of Pakistan's ability to rethink signature Chinese "Silk Road" projects due to debt concerns. The rail megaproject linking the coastal metropolis of Karachi to the northwestern city of Peshawar is China's biggest Belt and Road Ini...
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As China Denies 'Debt Trap' Diplomacy In Africa, Xi Pledges $60 Billion
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
-
As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
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.
-
China Pledges Another $51 Billion For Debt-Distressed Africa - New Debt Trap?
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.
-
Opinion: Maldives Should Avoid China's Debt Trap
Amidst its row with India and President Muizzu opting for China as his first stop, the island nation wants Chinese tourists to make up for losses due to Indian cancellations.
-
India's "Vicious Cycle Of Debt Traps" Warning At UN Meet Presided By China
In a veiled attack on China, India said that the international community should work on transparent and equitable financing and be vigilant towards the dangers of unsustainable financing which leads to a vicious cycle of debt traps.
-
Sri Lanka Confirms Major Debt Deal With China
The terms of the restructuring agreed upon will provide the space for Sri Lanka to implement its reform agenda.
-
In Sri Lanka, Jaishankar Warns About Dangers Of "Hidden Agendas". Target Was China
The External Affairs Minister also said that it is important to maintain the Indian Ocean as a free, open and inclusive space.
-
Bangladesh Careful About Chinese Loans, Says Prime Minister Sheikh Hasina
Bangladesh PM Sheikh Hasina said her government was "very much careful" about issues of development partnership with China and Dhaka was not dependent on any particular country for overseas assistance, amid global concerns over debt to Beijing.
-
Pakistan Following Sri Lanka's Path Into Chinese Debt Trap: Report
Pakistan's already fragile economy suffered another setback when recently China demanded repayment, by November 2023, of USD 55.6 million for the Lahore Orange Line Project, reported Italian publication Osservatorio Globalizzazione.
-
India Must Convince Neighbours Against Debt Trap Of China: Gen Bipin Rawat
Amid efforts by China to increase its footprint in the Indian Ocean, CDS General Bipin Rawat said that India should focus on Security and Growth for All in the Region (SAGAR) initiative to foster its relations with its maritime neighbours.
-
China "Belt And Road" Drive: $385 Billion "Trap" And Counting
China's ambitious foreign infrastructure push has saddled poor nations with "hidden debt" worth $385 billion, and more than a third of the projects have been hit by alleged corruption scandals and protests, a study said Wednesday.
-
Maldives Keen To Free Itself From China Debt, Venkaiah Naidu Told: Report
Maldives' Parliament speaker Mohamed Nasheed on Monday met Vice President Venkaiah Naidu and conveyed that his country is keen to disentangle from China's debt trap, sources said.
-
Southeast Asia Wary Of Key China Project, Sceptical Of US: Survey
Southeast Asian countries should be cautious in negotiating with China on its flagship Belt and Road Initiative (BRI) to avoid being trapped in unsustainable debt, 70 percent of respondents said in a policy survey released on Monday.
-
Pak Indicates It May Rethink 'Debt Trap' Project, China Responds
China on Tuesday sought to defend the massive trade corridor project with Pakistan after Prime Minister Imran Khan reportedly decided to slash Chinese investments and review the multi-billion dollar CPEC project.
-
Fearing Debt Trap, Pak Rethinks Chinese 'Silk Road' Projects
After lengthy delays, an $8.2 billion revamp of a colonial-era rail line snaking from the Arabian Sea has become a test of Pakistan's ability to rethink signature Chinese "Silk Road" projects due to debt concerns. The rail megaproject linking the coastal metropolis of Karachi to the northwestern city of Peshawar is China's biggest Belt and Road Ini...
-
As China Denies 'Debt Trap' Diplomacy In Africa, Xi Pledges $60 Billion
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
