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Archive for the tag “loans”

Cambodia, Sri Lanka And The China Debt Trap

The influx of Chinese economic assistance into Sri Lanka and Cambodia has raised questions regarding the intentions behind these massive loans. While China may still be considered a developing economy, its current strategy of providing soft power loans and aid to its regional neighbours is reminiscent of the tributary system that the country employed back in its empire days.

Read Here – East Asia Forum

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China Rains Money Over Africa

Chinese President Xi Jinping delivers a speech in the high-level dialogue with Chinese and African business dignitaries, also closing ceremony of the fifth China-Africa enterprises conference, in Johannesburg, South Africa, Dec. 4, 2015. (Xinhua)

Chinese President Xi Jinping delivers a speech in the high-level dialogue with Chinese and African business dignitaries, also closing ceremony of the fifth China-Africa enterprises conference, in Johannesburg, South Africa, Dec. 4, 2015. (Xinhua)

President Xi Jinping has announced assistance and loans totalling $60 billion for Africa to help the continent address its top three difficulties: infrastructure, talent and funding. At the opening ceremony of the Forum on China-Africa Cooperation Summit, Xi said the funding plan was announced to ensure that China rolls out 10 concrete plans for cooperation in the next three years to help boost African development.

Read Here – China Daily

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