Nepal caught in China’s debt trap over Pokhara airport deal: Report
Nepal is the latest victim of China's debt trap policy as it finds itself entangled in significant debt over the Pokhara airport deal.
Nepal is the latest victim of China's debt trap policy as it finds itself entangled in significant debt over the Pokhara airport deal.
China has refuted the allegations and claimed to help developing nations 'overcome difficulties.' Its Foreign Ministry has said that it offers extended loan maturities and emergency loans to such 'poor…
The World Bank president David Malpass sounded alarm over burgeoning Chinese loans to developing economies.
Qi Zhenhong alleged that the decision by the island nation to allow Yuan Wang 5 to berth at the Hambantota port was its sovereign decision.
Rahul Gandhi hailed the Chinese debt trap diplomacy and said the India-US relations need a similar plans.
One Road One Belt (OBOR) has been dubbed as the 'project of the century' by Chinese Premier Xi Jinping.
China has been using "debt-trap diplomacy" to wield outsize influence on borrowing countries and coerce them into coughing up physical and illegal assets.
They were forced into bonded labour to repay the money that they had borrowed
The decision to buy new vehicles, which will be worth Rs 80 crores will be an added burden on the Punjab government
The Karachi Peshawar railway line project is one of the biggest projects of CPEC.