Kuala Lumpur/Beijing: Malaysian Minister for Economic Affairs, Azmin Ali, announced the closure of the $19 billion railway project, part of the One Belt One Road (OBOR) scheme, saying, ‘It is beyond the capacity of Malaysia, to support the railway project being implemented by China. Therefore, we have decided to cancel the project completely.’ This Malaysian […]
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Washington: The International Monetary Fund (IMF) has warned that the debt burden in the international economy has risen to $184 trillion. The IMF has also warned that the United States, China and Japan are the countries mainly responsible for this debt burden. In consideration of the international economy, this debt burden is 225% of the […]
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Washington: The United States has opened a new front against the ambitious scheme, One Belt One Road (OBOR) of the Chinese President Xi Jinping, which is already receiving jolts one after the other. US President Donald Trump signed the ‘Build Act 2018’ and announced the formation of the US International Development Finance Corporation. This is […]
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Washington/Beijing: While a conference with the African nations has been scheduled to start in the Chinese capital, the opposition to the ambitious project, One Belt One Road (OBOR), planned by President Xi Jinping, is once again on the edge. The international media and study groups have aggressively highlighted the opposition to the OBOR and the […]
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Kuala Lumpur: ‘The government feels that two of the ambitious projects initiated by China in Malaysia are unnecessary . These projects don’t seem practical for Malaysia. Therefore, We may cancel these two Chinese projects,’ the Malaysian Prime Minister rocked China with these words. Prime Minister, Mahathir Mohammed has created a sensation by indicating cancellation of […]
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Beijing/Washington: Strong reactions have been received against the United States’ claims of its action of imposing taxes being successful. The claims of the US President are just empty optimism and China will not surrender before the United States’ blackmail, warned the Chinese media. As the Chinese media is controlled by the communist regime, this allegation […]
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Canberra: Although China is investing billions of dollars in the ambitious ‘One Belt One Road’ (OBOR) project, its implementation and success has been questioned. The international financial institutions as well as leading analysts and economists are raising questions on the ambitious Chinese project. Against this background, efforts are being made by major countries in the […]
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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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Islamabad : Asian Development Bank (ADB) has offered a loan of 5.9 billion dollars to Pakistan. Pakistan has asked for an 800 million dollar loan for its energy sector. Till the month of May 2016, the total debt burden on Pakistan has gone up to 1340.30 billion dollars, of which 58.34 billion dollars are in the […]
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