China to take over Zambian Airport and its electricity company, after defaulting on loan repayment

China to take over Zambian Airport and its electricity company, after defaulting on loan repayment

Beijing: Zambia is on the verge of becoming the first victim to the Chinese ambition of acquiring the property, infrastructure and natural resources by tightening the noose of huge debts. The Chinese decisions to acquire the Gwadar port in Pakistan and Hambantota port in Sri Lanka against huge loans came under severe criticism from the […]

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