Canberra: US Ambassador to Australia, Arthur Culvahouse warned ‘China is implementing a policy of trapping the Pacific countries in the vice-like grip of unsecured loans. Although the funds are attractive and easily available to these countries, it is necessary to understand the conditions attached to the loans thoroughly.’ At the same time, he reminded that […]
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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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Washington/Beijing: China has succeeded in acquiring a strategic military base within a few hundred miles of the Indian border, by ensnaring Sri Lanka in a debt trap, claimed a leading US daily. In an agreement signed at the end of last year, the Sri Lankan government has leased the Hambantota port and 15,000 acres of […]
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Washington: A United States study group has expressed grave concern over the tightening Chinese debt trap around India’s neighbouring countries. This warning was issued by the analysts of the ‘International Assessment and Strategy Centre’ in a hearing before the US Congress committee. It was also claimed that China is trying to conspire against India by […]
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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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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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Washington – Currently, the United States cooperates bilaterally and trilaterally with Asian countries to counter China’s threat of cyberattacks and spying apparatus installed at various places. Also, it has been setting up a network of spy cooperation in China’s neighbouring countries to corner China. The US officials informed that the Five Eyes group, formed earlier […]
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Ever since the Ukraine conflict broke out, the small countries in the Pacific region have been consumed by its wildfires. Those nations have to pay a lot for food, fuel and electricity. The Prime Minister of Papua New Guinea, James Marape, said that small countries like his own are being dragged amid the geopolitical games […]
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