Sri Lanka, Pakistan, Maldives stand neck-deep in Chinese debt: Forbes

Sep 12, 2022

Colombo [Sri Lanka], September 12 : Sri Lanka, Pakistan and Maldives are among the biggest debtors of China. Pakistan owes USD 77.3 billion of...

Chinese oil giant Sinopec likely to enter Lankan fuel market amid Beijing's debt-trap

Aug 08, 2022

Beijing [China], August 8 : As Sri Lanka continues to remain in the Chinese debt trap, the biggest petrochemical company in China, Sinopec, is...

India calls for ensuring financial viability of infrastructure projects in low-income countries at UN

Apr 29, 2022

New York [US], April 29 : Speaking at the Economic and Social Council (ECOSOC), India's Deputy Permanent Representative to the UN, R Ravindra on...

BRI designed to make profits for Chinese companies at cost of recipient country's natural resources: Report

Dec 29, 2021

Washington [US], December 29 : China's Belt and Road Initiative (BRI) project has become synonymous with wasteful spending, ecological destruction and massive debt burdens...

Bad debt of China's banks mounts by 22 pc

Apr 11, 2021

Hong Kong, April 11 : As China has recorded the lowest economic growth in four decades in the year 2020, the non-performing debt at...

China wishes to penetrate Africa's political landscape with its 'debt-trap' diplomacy: Report

Jul 08, 2022

Beijing [China], July 8 : After offering loans to countries in Africa, China is now leveraging the "debt trap" to strategically penetrate the continent's...