Chinese loan terms caution Africa: Project implementation on slow modeReports suggest 22 countries faced difficulty in paying Chinese loans, costing China $240bn between 2008 and 2021. Countries like Tanzania ...
06 May, 2023, 03.22 PM IST
China's cities are buried in debt, but they keep shoveling it onThe infrastructure splurge is far from over. On Feb. 23, the Shangqiu Communist Party secretary reiterated the city's vision as a logistics...
28 Mar, 2023, 10.44 PM IST
Kenya denies defaulting on China railway debtThe $5 billion project, financed 90 percent by China, replaced the so-called "Lunatic Express" -- a line built more than a century ago by c...
13 Oct, 2022, 10.44 PM IST
China becomes wild card in Sri Lanka's raging debt crisisSri Lanka's struggle is extreme, but it reflects conditions across dozens of countries from South Pacific islands through some of the poore...
21 May, 2022, 05.44 PM IST
Laos-China Railway: Key symbol of cross-border BRI infraFrom the very beginning the Lao authorities had a dilemma whether to go with the project or not - first it was due to a dilemma regarding a...
17 Dec, 2021, 07.57 PM IST
China keeps key Eastern African state of Kenya on tenterhooksThe Kenyan Treasury says it decided not to seek an extension of the debt relief beyond June 2021 and claimed that Kenya was fully paying th...
18 Aug, 2021, 08.32 AM IST
China reluctant to lend $6 bn for Pakistan infra projectChina has for the first time shown reluctance to approve a $6 billion loan for an infrastructure project in Pakistan, on concerns over its ...
10 May, 2021, 08.43 AM IST
Kenya risks losing port to China casting shadow over India's outreach in Eastern AfricaChina is now the single largest financier for infrastructure in Africa, funding one-in-five projects and constructing every third one, acco...
20 Nov, 2019, 09.06 AM IST
China's Belt and Road leaves Kenya with a railroad to nowhereConstruction of what was intended to be a flagship infrastructure project for Eastern Africa was halted earlier this year after China withh...
19 Jul, 2019, 08.37 PM IST
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.
09 Apr, 2019, 05.09 PM IST
China plans 6,800 km of new rail track in 2019 amid infrastructure pushAt least 3,200 kilometres of this target will be high-speed rail, the China Railway Corp said in a post on its official WeChat account.
02 Jan, 2019, 11.37 AM IST
India keeps a close watch on Kenya as it falls under China's debt trapKenya could lose its Mombasa port to China along the lines of Hambantota port in Sri Lanka.
24 Dec, 2018, 03.29 PM IST
Pakistan cuts CPEC investment in railways by USD 2 billion citing huge burden of loansRailways Minister Sheikh Rasheed Ahmad said that the share of the China-Pakistan Economic Corridor (CPEC) in the railways has been reduced ...
02 Oct, 2018, 01.59 PM IST
China allows bonds for Belt and Road initiative to diversify funding optionsThe Xi Jinping government signed bilateral currency swap agreements worth $224 billion with the central banks of 24 participating governmen...
09 Apr, 2018, 08.18 AM IST
China seeks private investments in railway sectorChina has sought private investment in its tightly controlled loss making railway sector, as it presses ahead with its costly high speed ra...
24 Aug, 2014, 03.59 PM IST
China to attract private investment in railwaysFormer Railways Minister Liu Zhijun was given a suspended death penalty for corruption and abuse of power in July last year.
08 Jul, 2014, 07.24 PM IST
- China's super-railways on track for debt troubles
The government plans to spend 2.8 trillion yuan in the next five years souping up the system, of which at least half is likely to come from...
15 Aug, 2011, 03.34 PM IST