China's debt clampdown raises risk of local government financial defaults

May 27, 2021

Beijing [China], May 27 : China's debt clampdown has raised the risk of a wave of defaults among the country's heavily indebted local government...

Moody's downgrades Pakistan with 'C rating' after seven years

Oct 08, 2022

Islamabad [Pakistan], October 8 : The New York-based credit rating agency Moody's Investors Service has downgraded Pakistan's local and foreign currency and senior unsecured...

China halts two high-speed rail projects citing growing local govt debt

May 19, 2021

Beijing [China], May 19 : Due to growing local government debt, China has ordered a halt to work on two high-speed rail projects with...

Is Laos next in line to fall victim to China's debt trap diplomacy?

Jul 08, 2024

A recent report suggests that the country's debt has nearly doubled, reaching USD 950 million in 2023, up from USD 507 million in 2022....

Risks of China's local debt grows as govt scales back COVID-19 stimulus

May 02, 2021

Beijing [China], May 2 : As China has started scaling back the COVID-19 stimulus worth trillions of yuan launched last year, local government debt...

Cash-strapped Chinese local governments urged not to 'blindly expand' infrastructure projects

Mar 14, 2021

Beijing [China], March 14 : China's top leadership has issued a warning about the 'heavy debt burden' of some local governments, saying greater monitoring...