Chinese power companies are shutting down operations in Myanmar due to financial problems faced by the ostracised Myanmar military junta which is unable to pay dues to the power companies. …
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China Debt Trap
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The Myanmarese junta government alleged on Saturday that insurgents from the Kachin Independence Army (KIA) attacked a convoy of Chinese military representatives and Myanmar counterparts in the Kachin state. Kachin, …
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World
Sri Lankan President slams China over debt restructuring problems at Tokyo event
by Rahul Kumarby Rahul KumarSri Lankan President Ranil Wickremesinghe has criticised China for excluding itself from multilateral talks focused on reducing the island nation’s debt and putting it on to financial stability. However, the …
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World
Sri Lanka gets breather from China but debt trap problem remains
by Rahul Kumarby Rahul KumarChina has assured Sri Lanka once again of help in restructuring its bilateral loans in a bid to support the island nation acquire a $2.9 billion bailout loan from the …
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Voices are being raised in Sri Lanka about the dubious support that fast friend China is providing in Colombo’s bid to get a bail-out loan from the International Monetary Fund …
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<p> <strong>The spotlight on China&rsquo;s ambitious Belt and Road Initiative (BRI), which has not published any official data on lending or the contours of the projects, is only increasing with …
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Videos
Explained: Sri Lanka & Pakistan Economic Crisis | And China’s Debt Trap Policy
by IN Bureauby IN Bureau<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/jSwLfav0jaM" title="YouTube video player" width="560"></iframe></p> <p> Like Sri Lanka, Pakistan is also the biggest beneficiary of economic assistance from …