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CHINA DEBT SWAP
How China plans to cut hidden debt in massive shakeupChina has announced a significant plan to address its mounting local government debt. The plan involves swapping hidden debt, primarily acc...
China unveils $839 bn debt swap to rescue local governments amid Trump risksChina has unveiled an $839 billion program to address local government debt by raising the debt ceiling and issuing special bonds. This mea...
Cash-strapped Pakistan seeks additional 10 billion yuan loan from China: ReportPakistan has asked China for an additional 10 billion yuan loan. The country has already used its current 30 billion yuan trade facility. T...
China weighs $853 billion debt swap to rescue local governmentsChina is considering allowing local authorities to issue up to 6 trillion yuan in bonds through 2027 to refinance off-balance-sheet debt. T...
India warns of dangers of 'hidden agendas' in unviable projects or unsustainable debtIndia has warned countries in the Indian Ocean region to be cautious of "hidden agendas" and unsustainable debt in development projects, in...
Debt by a thousand cuts: China is weaponising credit instruments to extract maximum strategic gainThere is always a twist in the China playbook, which strengthens the suspicion of a larger political motive behind financial dealings. For ...
Sri Lanka in engagement with China to amend terms of USD 1.5 billion currency swap deal: ReportThe deal is on hold because Sri Lanka has run short of the required amount of reserves. The swap deal enables Sri Lanka to borrow Chinese c...
How to tell if the Evergrande crisis is spilling beyond ChinaThe situation remains fraught, and few investors have forgotten the money market blow-ups during the 2008 global financial crisis, the 2011...
Sri Lankan currency faces heat following currency swap with ChinaIn the wake of depleting foreign exchange reserves, Sri Lanka rupee is putting pressure on the balance of payments, The Leader reported quo...
Sri Lanka signs 3-year USD 1.5 billion currency swap deal with ChinaThe swap agreement has been approved by the Cabinet of Ministers with the recommendation of the Monetary Board of CBSL. Governors of the tw...
Sri Lanka opens new railway line built with China's assistanceThe 26.75-km long Matara-Beliatta railway extension is the first to be constructed in Sri Lanka since 1948.
China 'not narrow minded' to oppose Indian investments in Lanka: OfficialForeign Ministry spokesman Geng Shuang told the media here that Beijing has an "open attitude" regarding India's investments in the island ...
China to unleash over $100 billion of liquidityThe funds unlocked from the reserve ratio cut shouldn’t be used to support so-called zombie companies.
China seeks to firm-up BRI cooperation with Sri LankaChinese Foreign Minister Wang Yi said that China is willing to enhance cooperation with Sri Lanka within the framework of the Belt and Road...
China's non-financial debt over $22.7 trillion: OfficialChina's debt calculation is open and transparent and the risks remain controllable, he was quoted as saying by state-run Xinhua news agency.
China comes to Russian rouble's rescue, puts IMF’s lender status at riskChina is stepping up its role as the lender of last resort to some of the world’s most financially strapped countries.
- BRIC nations raise $131 bn from debt market
Brazil, Russia, India and China (BRIC) have raised $131.1 billion from debt markets in the year so far, while India’s share stands at just ...