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Over the last decade, Chinese economic problems, domestic indebtedness, and external critique have reshaped the BRI, thus, helping China cast itself a
Neither Yameen, nor his ministers have explained how getting eternally indebted to China would help in the economic independence of Maldives.
UP being the second most indebted state with a debt of ₹327, 470 crore will have a bigger budget deficit after the loan waiver.
China has been aggressively promoting its Belt and Road Initiative (BRI) through massive investments in participating countries, as a means to further its strategic, economic and political goals. Such a strategy bears striking similarities to its policies in the Xinjiang province. This paper attempts a comparative study between Xinjiang and BRI countries in South and Central Asia to highlight the issues these states will likely face in the coming
The Chinese Communist Party (CCP) has detained an estimated one million Uyghur Muslims in concentration camps in the Xinjiang province for forced re-education and political indoctrination. While the West has deplored China’s actions, the major Muslim countries have defended and even welcomed the policy. China has exploited its economic and diplomatic clout and the growing indebtedness of the Muslim world to subdued any criticism of its actions
Agriculture remains the primary sector of the Indian economy. While it accounts for merely 16 percent of the country’s GDP, approximately 43.9 percent of the population depends on it for their livelihood. In recent years, indebtedness, crop failures, non-remunerative prices and poor returns have led to agrarian distress in many parts of the country. The government has come up with various mechanisms to address these issues: insurance, direct tr
In April 2022, Sri Lanka’s sovereign debt default —with China being the largest bilateral creditor—trained the spotlight on the impact of Beijing’s lending on Sri Lanka’s economic crisis. Yet, Sri Lanka’s debacle is a result of far more complex, interrelated factors than indebtedness to China. At the same time, there has been a significant rise in servicing of loans from China over the years, and Beijing is indeed an important
