Tag: china debt
Posted in China News
Is China facing debt bomb at home?
China, which has lent nearly $1 trillion to some 150 developing nations, has been reluctant to cancel large debts owed by countries struggling to make…
Posted in South Asia News
Unforgiving lender: How citizens of poor nations caught in Chinese debt trap are paying the price
NEW DELHI: In Pakistan, millions of textile workers have been laid off because the country has too much foreign debt and can’t afford to keep…
Posted in South Asia News
Unforgiving lender: How citizens of poor nations caught in Chinese debt trap are paying the price
NEW DELHI: In Pakistan, millions of textile workers have been laid off because the country has too much foreign debt and can’t afford to keep…
Posted in China News
Debt trap? Now, China is lending billions to bail out ‘BRI countries’
NEW DELHI: China has emerged as the “lender of last resort” to the very same countries that already owe massive amounts of debt to Beijing,…