Beware of the Chinese debt trap, Malaysian President advises the Philippines

Beware of the Chinese debt trap, Malaysian President advises the Philippines

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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Alarming increase in debts of the Arab countries; warns head of IMF

Alarming increase in debts of the Arab countries; warns head of IMF

Dubai: The International Monetary Fund (IMF) has warned that the debt burden on Arab countries is increasing. Christine Lagarde, the Managing Director and Chairwoman of the IMF, issued this warning in an economic conference held in Dubai, cautioning the Arab countries that import and export crude oil. Christine Lagarde also pointed out that the Arab […]

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Exhausted by the trade war, China will soon sign a deal with US, indicates US President

Exhausted by the trade war, China will soon sign a deal with US, indicates US President

Beijing/Washington: ‘China and the development of trade with it,isheading in the right direction. Soon a deal will be signed between the United States and China,’ indicated US President Trump. It has come to the fore that in the last 28 years, the performance of the Chinese economy has been the worst this year. At the […]

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Opposition to the Chinese ‘One Belt One Road’ on the rise

Opposition to the Chinese ‘One Belt One Road’ on the rise

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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China ensnaring countries all over the world into a debt trap, claims a leading US Daily

China ensnaring countries all over the world into a debt trap, claims a leading US Daily

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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‘Will US annul China’s share in it’s debts?: Former Chief of The Bank of England questions

‘Will US annul China’s share in it’s debts?: Former Chief of The Bank of England questions

US will not refute the issue of loans they have taken from other countries. This is the truth. But if times change, China’s business in US can go to dust.  China, along with  other countries should diversify their investments to avoid the increase of debts. The former Chief of the Bank of England has suggested to make […]

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