The debt trap isn’t a national strategy. Instead, unchecked profit motive is driving Chinese firms to exploit poor nations. In the summer of 2018, Sri Lanka saw the last remaining airline pull ...
It is ironic that while China is known for laying debt-trap for the other countries, the country itself is caught in a vicious cycle of debt. Its debt to GDP ratio is already more than 280 per cent.
One is the largest developing country, and the other is the continent home to the largest number of developing countries. China and Africa are tens of thousands of miles apart but cooperate closely.
In an interview to Financial Times, Kamal said China needed to be "more rigorous in evaluating its loans amid concerns that poor lending decisions risked pushing countries into debt distress.
Sushant Singh Rajput’s suicide was too complex for many to process. So the country indulged in a baffling alchemy: converting suicide to murder Over the years, a closer look at global ...
WHATEVER HAS gone wrong? After China rejoined the world economy in 1978, it became the most spectacular growth story in history. Farm reform, industrialisation and rising incomes lifted nearly ...
The Belt and Road Initiative (BRI) is not a “debt trap”, said China’s consul general in Kota Kinabalu, Huang Shifang. “China has always carried out investment and financing cooperation with developing ...
Nepal’s national airline has decided to sell Chinese planes that the carrier has been struggling to maintain amid recurring breakdowns. The Kathmandu Post reported citing officials that these ...
YOKOHAMA--China is not trying to lead African countries into a debt trap and provides critical investment along with other countries to close a funding gap for crucial infrastructure projects on ...
Opinions expressed by Forbes Contributors are their own. I travel the New Silk Road, reporting on the developments that are shaping the 21st century. The official estimate of what Sri Lanka ...
KOTA KINABALU: The Belt and Road Initiative (BRI) is not a "debt trap", says a Chinese diplomat. China's consul general in Kota Kinabalu, Huang Shifang, said this allegation spun by certain ...
Phankham Viphavanh, who took office in early 2021, may be on the way out -- hounded by scandal and a bad year for Laos’ economy. The economy is stagnant and discontent is on the rise. But don't ...
