Developing nations face 'tidal wave' of China debt: report
The Peninsula
Sydney: The world s poorest nations face a tidal wave of debt as repayments to China hit record highs in 2025, an Australian think tank warned in a...
Sydney: The world's poorest nations face a "tidal wave of debt" as repayments to China hit record highs in 2025, an Australian think-tank warned in a new report Tuesday.
China's Belt and Road Initiative lending spree of the 2010s has paid for shipping ports, railways, roads and more from the deserts of Africa to the tropical South Pacific.
But new lending is drying up, according to Australia's Lowy Institute, and is now outweighed by the debts that developing countries must pay back.
"Developing countries are grappling with a tidal wave of debt repayments and interest costs to China," researcher Riley Duke said.
"Now, and for the rest of this decade, China will be more debt collector than banker to the developing world."
Doha, Qatar: The Amir HH Sheikh Tamim bin Hamad Al Thaniwill patronise the opening of the 23rd Doha Forum 2025 on Saturday morning at the Sheraton Doh...
Astana: The National Archives of Qatar (NAQ) Friday signed a memorandum of understanding with the Archive of the President of the Republic of Kazakhst...
Astana: The National Archives of Qatar (NAQ) Friday signed a memorandum of understanding with the Archive of the President of the Republic of Kazakhst...
Colombo: The death toll from adverse weather caused by Cyclone Ditwah has risen to 607 in Sri Lanka, the country s Disaster Management Center (DMC) sa...
New York: Streaming giant Netflix said Friday it will buy film and television studio Warner Bros. Discovery for nearly $83 billion, the entertainment...
Riyadh: The Gulf Cooperation Council (GCC) states expressed their deep concern regarding the two directives known as the Corporate Sustainability Due...
Riyadh: The Gulf Cooperation Council (GCC) states expressed their deep concern regarding the two directives known as the Corporate Sustainability Due...
Chengdu, China: An ancient dam, pandas and ping pong: French leader Emmanuel Macron concluded his fourth state visit to China on Friday, striking a mo...
Beirut: The United Nations Interim Force in Lebanon (UNIFIL) condemned the Israeli airstrikes on southern Lebanon, describing them as a clear violati...
New Delhi: India s aviation watchdog has rolled back its new policy of weekly rest for pilots, reports said Friday, after chaos caused by hundreds of...
DOHA: Behzad Trading Enterprises, a sister concern of ABN Corporation and a trusted name in the Qatar market since 1976, successfully conducted its Ch...
DOHA: Glory Of The Stars continued her flawless campaign with a stunning display in the Lusail Cup for 3YO+ Thoroughbred fillies and mares over 1200m...
Doha: Undoubtedly, facing the title holders in a tournament opener is going to ramp up the pressure, and Algeria s pedigree in African and Arab footba...