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.
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 ...
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.
Opinions expressed by Forbes Contributors are their own. I write about Asia, especially the Chinese economy. China does not have as urgent a need to bolster growth as other newly 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 ...
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 ...
China spent massively on building China-Pakistan Economic Corridor (CPEC) infrastructure. The expenditure is a foreign currency debt that too not in Yuan but in $14 billion.
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 ...
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 ...
