CHINA is facing growing controversy surrounding the debts associated with Belt and Road projects. Pakistani politicians are warning that if they are forced to go to the International Monetary Fund for assistance, the financing arrangements of the China Pakistan Economic Corridor will have to be fully disclosed.
At the same time Malaysia’s new Prime Minister Mahathir Mohamad has ordered a temporary halt to construction work on the East Coast Rail Link (ECRL), and wants to use a planned official visit to China in August to renegotiate some of the terms of the deal.
Meanwhile China has hit back at US media articles on the so called “debt trap” that it has allegedly created in Sri Lanka, with Foreign Ministry spokesperson Lu Kang saying that the reports are “a gross distortion of facts”, and are “either irresponsible or engineered by people with ulterior motives”. READ MORE
Similar Posts:
- Which Countries Are Most Influenced By China? (Oilprice.com)
- Southeast Asia Gains New Leverage as China and US Battle for Influence (Nikkei Asian Review)
- Asian Investors Lukewarm on Viability of Belt Road Project Bonds (The Asset)
- China, IMF Bailouts for Poorer States Ease Bearish Sentiment Towards Emerging Markets (SCMP)
- Asian Frontier Markets See a Strong Rebound in August – Asia Frontier Capital (AFC) – August 2022 Update
- The Future of Yuan (Express Tribune)
- Is Pakistan About to Pop? (Petition Substack)
- Emerging Market Risk Ranking: Most Vulnerable to the Strongest (FT)
- The Emerging Asia Pacific Capital Markets: Pakistan (CFA Institute)
- Pakistan On The Verge Of Inflationary Collapse – Pleads For Larger IMF Bailout (Zero Hedge)
- Frontier Market ETFs Have 72% Exposure to Oil-Dependent Countries (FT Adviser)
- World Bank Cuts China Growth Forecast as COVID-19, Real-estate Crunch Take Toll (WSJ via Fox Business)
- 2017 Global Retail Development Index (ATKearney)
- The “Next Eleven” and the World Economy (The Asset)
- Mark Mobius Answers Readers’ Questions (Mobius Blog)
