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.
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.
The idea of One Nation, One Election seems outlandish since the architecture of the election process doesn’t allow much space for it Is One Nation, One Election a threat to federalism?
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.
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 ...
Pakistan is ensnared in a classic sovereign debt trap: too much foreign currency denominated external debt, too few foreign exchange resources, and too little cash flow denominated in foreign ...
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 ...
The Group of 20 major economies--which include China--and the Paris Club group of creditors last week agreed to suspend official bilateral debt payments for the world’s poorest countries through ...
During the last week the Pakistani Rupee achieved a historic first. It broke through the Rs300 barrier against the Dollar. Other firsts were also recorded: The price of petrol broke through the ...
