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CHINESE DEBT TRAP
Sri Lanka seeks investors for loss-making Mattala airport built with Chinese loansSri Lanka is seeking investors for Mattala Rajapaksa International Airport. The airport has been a financial drain since opening in 2013. A...- How a Gurgaon man paid ₹20,000 for a Thailand dream but instead woke up in a jungle guarded by gunsHe was a 21-year-old Gurgaon student who just wanted a job. A Telegram message promised ₹80,000 a month in Thailand. Instead, he crossed ju...
- India-China SCO talks focus on trade security, connectivity under first bilateral consultationsIndia and China held their first bilateral consultations on the Shanghai Cooperation Organisation in New Delhi. Both nations agreed to enha...
- China changes its lending game, name of biggest recipient raises eyebrowsIn a significant changed of strategy, China has revamped its overseas lending style. It now prioritises advanced economies when it hands ou...
- China's lending to Africa rises for first time in seven years, study showsChinese lenders approved $4.61 billion in loans to Africa in 2023, according to Boston University. This marks the first increase since 2016...
- Like its apps in India, China has turned world's loan mafiaAn Associated Press analysis of a dozen countries most indebted to China - including Pakistan, Kenya, Zambia, Laos and Mongolia - found pay...
- 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 ...
- Madagascar fights for sovereignty amid Chinese debt-trap diplomacyIn Madagascar, China has aided the building of infrastructure, poured in massive revenue resulting in an increased number of Chinese-funded...
- Africa’s rising debt: Chinese loans to continent exceeds $140 billionAt least 18 African countries have been re-negotiating their debts while 12 others are in talks with China for restricting an approximate $...
- Chinese debt casts shadow over Maldives' economyAccording to a BBC report, a 2.1 km (1.3-mile), four-lane bridge was built with USD 200m (£148m) from Beijing. The Sinamale bridge or China...
- India organises Africa Day on January 19 as concerns mount over Chinese debt trap in continentIndia has planned a mega Africa push amid growing resentment against Chinese debt trap in the African continent with January 19 marked as t...
- No IMF loan to Pakistan to repay Chinese debt: CongressmanBrad Sherman spoke on this issue during a Congressional hearing with David Malpass, Under Secretary of Treasury for International Affairs.
- Why China can’t win the world with easy moneyIn worst-case scenarios, BRI will become a debt trap for borrowers who cannot repay Chinese loans.
- Myanmar to trim Chinese loans to avoid debt trapThe Myanmar govt has stated that it won't provide sovereign guarantees for loans and will require a third-party audit on spending.
- China's 'debt trap' economics will likely result in it gaining greater access to nations around India: US think-tankChina is critical of the Japanese proposal, more recently boosted by the Trump administration, for Australia, Japan, India and the US to fo...
- 'Cold comfort' for India as neighbours give 'pause for thought' on Chinese aidChina has begun projects in every South Asian country with substantial commitments. But most of them have proved to be burdensome for those...
- China's new super weapon against India: Neighbourhood debt trapsChina has found an innovative way to contain India. This new weapon is a financial ploy that helps China grab land in India's neighbouring ...
- A grim reminder for Pakistan how it is sliding into the Chinese debt trapChina’s grab of Sri Lankan Hambantota port after Sri Lanka found itself unable to repay expensive Chinese loans is a lesson for Pakistan.
- Dead ends on the new Silk Route: Why business with China is risky businessMany smaller neighbouring countries now find that doing business with China is a proposition full of risk because you might not get what yo...
- Chinese loans may put Bangladesh in debt trapChina is arm-twisting Bangladesh to convert the soft loans it offered last year to commercial credit (incurring higher interest rates).
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