South Asia and Beyond

China Faces Looming Debt Crisis As Bad Loans Pile Up Under BRI

NEW DELHI: As Pakistan inches closer to a default amid uncertainty over the resumption of the International Monetary Fund’s bailout package, worries for Beijing have risen. Several countries which have received loans from China under the Belt and Road Initiative have run into economic crises and have been unable to repay the debts. Last year […]Read More

Bangladesh’s Stern Message To China: Ease Loan Riders

NEW DELHI: The Sheikh Hasina government in Bangladesh has a strong message for China—loans from Beijing cannot be used to arm twist the South Asian nation. China’s lending pattern has come under major scrutiny globally amid the economic turmoil pushing several countries into debt traps. Dhaka has asked China to relax several conditions that have […]Read More