Kenya's mounting Chinese debts causing serious consequences: Report

Nov 15, 2022

Kenya is going through an economic emergency due to mounting Chinese debts leading many to believe that the successive Kenyan governments have over-borrowed for...

Pakistan struggles to pay Chinese debts amid ballooning external payments

Dec 04, 2021

Islamabad [Pakistan], December 4 : Beijing's debts are squeezing Pakistan's pinched finances as external payments are set to balloon to USD 14 billion at...

China may seize Kenyan asset amid mounting debts

Oct 22, 2022

Nairobi [Kenya], October 22 : Accumulated Chinese loans pushed Kenya near default and Beijing may seize Kenyan assets if it could not pay its...

Millions of Chinese 'blacklisted' for debts as loan default hits record high: Report

Dec 14, 2023

Millions of Chinese borrowers have been blacklisted for failing to pay their debts and are mostly between the ages of 18 and 59, Voice...

Nigeria in turmoil over China's debt-trap diplomacy

Aug 16, 2020

Abuja [Nigeria], August 16 : Africa's largest economy is in turmoil over the prospect of 'losing' its sovereignty to China over bad debts.

Chinese govt faces crisis involving thousands of unfinished apartments amid rising bad debts: Report

Jan 11, 2023

People are now refusing to repay their mortgages and price declines in the existing-home market are the sharpest in nearly a decade, according to...