The multibillion-dollar China-Pakistan Economic Corridor is a flagship project under Beijing’s “Belt and Road Initiative”. Photo: Xinhua

China says multinational lenders are to blame for debts of belt and road partners like Pakistan

  • Qian Keming, vice-minister of commerce, issues latest defence of controversial scheme, saying it’s not a ‘one-way street’
  • He says 42 per cent of Pakistan’s debt is from multilateral institutions, and ‘only around 10 per cent’ comes from China
Topic |   Two Sessions 2019 (Lianghui)

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The multibillion-dollar China-Pakistan Economic Corridor is a flagship project under Beijing’s “Belt and Road Initiative”. Photo: Xinhua
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Sri Lanka was forced to hand over a port to China – highlighting fears that other countries would find themselves caught a debt trap. Photo: AP Photo

China will not buckle in face of belt and road criticism, says Foreign Minister Wang Yi

  • State Councillor dismisses criticism that project is a ‘debt trap’ for smaller countries and seeks to allay growing international concerns
Topic |   Two Sessions 2019 (Lianghui)

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Sri Lanka was forced to hand over a port to China – highlighting fears that other countries would find themselves caught a debt trap. Photo: AP Photo
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