China Debt
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From Millionaire To Lotus Farmer: Chinese Woman Repays $700,000 Debt Through Hard Work
After losing her multimillion-yuan fruit business, a Chinese woman now sells lotus roots to repay US$700,000 in debt.
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Ratings Agency Fitch Downgrades China Credit Outlook Over Debt Fears
Ratings agency Fitch said Wednesday it had downgraded China's sovereign credit outlook to negative, citing increased risks to the country's public finances, in a move Beijing swiftly called "regrettable".
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China Opposes Clubbing Climate Resilience Clause As G20 Debt Restructuring Package: Report
China is opposed to clubbing of the climate resilient clause as part of sovereign debt restructuring of three vulnerable nations -- Zambia, Ghana and Ethiopia-- proposed by G20 Finance Track, sources said.
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Bangladesh Careful About Chinese Loans, Says Prime Minister Sheikh Hasina
Bangladesh PM Sheikh Hasina said her government was "very much careful" about issues of development partnership with China and Dhaka was not dependent on any particular country for overseas assistance, amid global concerns over debt to Beijing.
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India Says China Should Take Losses On Loans To Struggling Economies
India called on China to be willing to take losses on loans to struggling economies, and asked the world's biggest bilateral creditor to developing countries to avoid taking positions that would block relief for nations such as Zambia and Sri Lanka.
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Prominent Sri Lankan MP Wijeydasa Rajapakshe Accuses China Of Debt-Trap Diplomacy
Prominent Sri Lankan Member of Parliament (MP) Dr Wijeydasa Rajapakshe has accused China of indulging in the economic invasion, corruption and debt-trap diplomacy in the island nation.
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Pak Pays Over Rs 26 Billion Interest Cost To China To Repay Debt: Report
Bearing the cost of failure of the ruling governments in Pakistan, the country has had to pay over Rs 26 billion in interest cost to China to repay a maturing debt in the fiscal year 2020-21, reported local media.
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China's $2.3 Trillion Hidden Debt Could Climb Even Higher: Report
China's local governments had 14.8 trillion yuan ($2.3 trillion) of hidden debt last year, and the figure could climb even further this year, according to a government-linked think tank.
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"No Conditions For Our Cooperation": In Mauritius, PM Modi's Jibe At China
Prime Minister Narendra Modi and his Mauritian counterpart Pravind Jugnauth today jointly inaugurated the new Supreme Court building of Mauritius at Port Louis.
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Maldives' Chinese Debt And Political Risk Could Lead To Trouble In Paradise
A victory for President Abdulla Yameen in a Sunday election in the Maldives could ramp up pressure on its finances, as the government stays the course on a Chinese-backed infrastructure boom that is in danger of swamping the economy.
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China's First Rating Cut In 30 Years By Moody's Exposes Firms Hooked On Dollar
Moody's lowered China's rating to A1 from Aa3 on Wednesday, citing a worsening debt outlook.
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China $3 trillion local government debt stirs alarm
Calls for China to accelerate financial reforms grew louder on Monday after figures showed its indebted local governments owe nearly $3 trillion in a debt build-up that some analysts called alarming.
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China says local government debt soars
China on Monday announced the results of a long-awaited debt audit, revealing that liabilities carried by local governments ballooned to 17.9 trillion yuan ($2.95 trillion) as of the end of June.
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From Millionaire To Lotus Farmer: Chinese Woman Repays $700,000 Debt Through Hard Work
After losing her multimillion-yuan fruit business, a Chinese woman now sells lotus roots to repay US$700,000 in debt.
-
Ratings Agency Fitch Downgrades China Credit Outlook Over Debt Fears
Ratings agency Fitch said Wednesday it had downgraded China's sovereign credit outlook to negative, citing increased risks to the country's public finances, in a move Beijing swiftly called "regrettable".
-
China Opposes Clubbing Climate Resilience Clause As G20 Debt Restructuring Package: Report
China is opposed to clubbing of the climate resilient clause as part of sovereign debt restructuring of three vulnerable nations -- Zambia, Ghana and Ethiopia-- proposed by G20 Finance Track, sources said.
-
Bangladesh Careful About Chinese Loans, Says Prime Minister Sheikh Hasina
Bangladesh PM Sheikh Hasina said her government was "very much careful" about issues of development partnership with China and Dhaka was not dependent on any particular country for overseas assistance, amid global concerns over debt to Beijing.
-
India Says China Should Take Losses On Loans To Struggling Economies
India called on China to be willing to take losses on loans to struggling economies, and asked the world's biggest bilateral creditor to developing countries to avoid taking positions that would block relief for nations such as Zambia and Sri Lanka.
-
Prominent Sri Lankan MP Wijeydasa Rajapakshe Accuses China Of Debt-Trap Diplomacy
Prominent Sri Lankan Member of Parliament (MP) Dr Wijeydasa Rajapakshe has accused China of indulging in the economic invasion, corruption and debt-trap diplomacy in the island nation.
-
Pak Pays Over Rs 26 Billion Interest Cost To China To Repay Debt: Report
Bearing the cost of failure of the ruling governments in Pakistan, the country has had to pay over Rs 26 billion in interest cost to China to repay a maturing debt in the fiscal year 2020-21, reported local media.
-
China's $2.3 Trillion Hidden Debt Could Climb Even Higher: Report
China's local governments had 14.8 trillion yuan ($2.3 trillion) of hidden debt last year, and the figure could climb even further this year, according to a government-linked think tank.
-
"No Conditions For Our Cooperation": In Mauritius, PM Modi's Jibe At China
Prime Minister Narendra Modi and his Mauritian counterpart Pravind Jugnauth today jointly inaugurated the new Supreme Court building of Mauritius at Port Louis.
-
Maldives' Chinese Debt And Political Risk Could Lead To Trouble In Paradise
A victory for President Abdulla Yameen in a Sunday election in the Maldives could ramp up pressure on its finances, as the government stays the course on a Chinese-backed infrastructure boom that is in danger of swamping the economy.
-
China's First Rating Cut In 30 Years By Moody's Exposes Firms Hooked On Dollar
Moody's lowered China's rating to A1 from Aa3 on Wednesday, citing a worsening debt outlook.
-
China $3 trillion local government debt stirs alarm
Calls for China to accelerate financial reforms grew louder on Monday after figures showed its indebted local governments owe nearly $3 trillion in a debt build-up that some analysts called alarming.
-
China says local government debt soars
China on Monday announced the results of a long-awaited debt audit, revealing that liabilities carried by local governments ballooned to 17.9 trillion yuan ($2.95 trillion) as of the end of June.
