pakistan china debt trap - Search
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  1. China’s loans pushing world’s poorest countries to …

    • An Associated Press analysis of a dozen countries most indebted to China — including Pakistan, Kenya, Zambia, Laos and Mongolia — found paying back that debt is consuming an ever-greater amount of tSee more

    How It’S Playing Out

    A case study of how it has played out is in Zambia, a landlocked country of 20 million people in southern Africa that over the past two decades has borrowed billions of dollars fro… See more

    AP News
    Debt and Upheaval

    China’s unwillingness to take big losses on the hundreds of billions of dollars it is owed, as the International Monetary Fund and World Bank have urged, has left many countries o… See more

    AP News
    China’s Response

    The Chinese Ministry of Foreign Affairs, in a statement to the AP, disputed the notion that China is an unforgiving lender and echoed previous statements putting the blame on t… See more

    AP News
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  2. According to a November 2023 report by AidData, Pakistan’s debt to China has swelled to nearly $69 billion, with $55.8 billion of that sum accumulated between 2013 and 2021. This debt burden has sparked fears that Pakistan is falling into a so-called “debt trap,” where its economic policies and decisions are increasingly dictated by Beijing.
    www.financialexpress.com/world-news/vassal-state-or-sovereign-pakistans-struggles-under-chinas-shadow/3599864/
    www.financialexpress.com/world-news/vassal-state-or-sovereign-pakistans-stru…
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