Tag Archives: Debt-Trap Diplomacy

In its financing attempts that brought the resource-rich country to become indefinitely indebted for a long time, the Government of Angola sought a US$15 billion loan from China (one of many) last May. Just as this latest round of financing commenced, Standard and Poors downgraded Angola’s sovereign credit rating to B- due to concerns about […]

With protests against China’s investments in Sri Lanka, Bangladesh, Myanmar, and Pakistan, the country’s ambitious expansion via economics in the Indian subcontinent is not going as well as Beijing had imagined.