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: The Chinese banking sector is suffering a knockdown as the debt is on the rise amid Covid pandemic phase. It is being said that in the first half of 2020, five major Chinese banks faced a 10% drop; they suffered a loss worth $220 bn. This factor will greatly affect the Chinese economy, and […]
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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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Washington: A senior US official warned that the Chinese investment in its ambitious One Belt One Road (OBOR) project could collapse like a house of cards and a few emerging economies also will be devastated in that. Europe, Japan, Australia and India, along with the United States, have challenged the Chinese OBOR project and expeditious […]
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Bangkok: The United States has announced a new scheme to counter the ambitious Chinese Belt and Road Initiative (BRI). The information was given by Wilber Ross, the US Secretary for Commerce during the meeting of the Indo-Pacific Business Forum held in Bangkok. The scheme envisages providing huge funding for important projects in the Indo-Pacific sector, over the next few years. […]
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Beijing: President Xi Jinping appealed that the Chinese youth need proper political guidance and they need to be loyal to the ruling communist party for this. At this time, he also clarified that ruling communist party and the student movements in China, are closely connected. Only a few days ago, the Chinese government announced an […]
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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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