Manila: The Malaysian President Mahathir Mohammad warned the Philippines that “If you are borrowing vast sums of money from China, beware of falling into its debt trap. The Malaysian President is currently on a visit to the Philippines and China was at the centre of the discussions he held with the Philippine President Rodrigo Duterte […]
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New Delhi: India has announced financial aid of $1.4 billion, for the Maldives, trapped under the burden of the Chinese debt. Along with this, four memorandums of understanding (MoU) have been signed between India and Maldives. This announcement was made after bilateral talks between Maldives President Solih, currently on his India visit and Indian Prime […]
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Lusaka/Washington: ‘The US debt crisis threatens the stability of the world economy. Therefore, the US does not have the right to make baseless accusations against other countries just for vested interests’, the Chinese Embassy said as it sternly criticised the US Treasury Secretary Janet Yellen. Yellen is currently on tour to Africa, where she commented […]
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Washington/Beijing: – A US think tank has accused Chinese President Xi Jinping’s ambitious Belt and Road Initiative (BRI) of creating a debt burden on small countries as much as USD 385 billion. The study notes that about 42 countries are trapped in the Chinese predatory economic policies, with their debt exceeding 10% of the GDP. […]
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Montenegro/Beijing: – China has tightened its debt noose around the neck of Montenegro, a tiny country in the Balkan part of Europe, with a population of a mere six hundred thousand. This month, Montenegro is required to pay the first instalment of the loan, of USD 1 billion, taken from China for the construction of […]
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Islamabad: – Pakistan will be taking a fresh loan of $2.6 billion from China, for the China Pakistan Economic Corridor (CPEC). It is being said that Pakistan has asked for this loan for expanding the Peshawar-Karachi railway. But it is being claimed that these funds will be used for paying the loans taken from Saudi […]
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Washington/Beijing: The World Bank has demanded that China, known as the largest lender in the world, should waive the loans given to the under-developed countries against the background of the Coronavirus pandemic. All the member countries had concurred on this during the G20 meeting held in April. But China started dilly-dallying regarding loan waiver, saying that […]
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Beijing: – Pakistan Prime Minister Imran Khan, who claimed that the economic future of his country is linked to China, faced disappointment on Friday. Chinese President Xi Jinping’s visit to Pakistan has been postponed. Pakistan had a lot of expectations from the visit. The Pakistani journalists were claiming that President Jinping wanted to deliver a […]
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Washington/Colombo – The United States announced sanctions against some large Chinese companies over the South China Sea issue. Although, the sanctions mention constructions in the South China Sea, as per received information, the biggest hit will be taken by the ambitious Chinese project, Belt and Road Initiative (BRI). China Communications Construction Company (CCCC) and its […]
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Islamabad: China Pakistan Economic Corridor (CPEC) is becoming a headache for Pakistan. The criticism was already being made that Pakistan has drowned till its neck in the Chinese debt trap, because of the CPEC project. Hence, the incident of the Chinese soldiers beating up the Pakistani soldiers has surfaced. At the same time, as the […]
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