Photo: AP / Dita Alangkara
Kathmandu [Nepal], June 22 (ANI): The trade deficit in South Asian countries such as Nepal, Myanmar and Pakistan with China is rising year-on-year, in spite of Beijing extending bilateral loans to them by significant amounts. According to the Kathmandu Post, in Nepal alone, the gap between import and export values with... read full story
"Rather than forcing these countries into a long term debt trap, we have increased the funding in the region to build necessary infrastructure that could help in enhancing their export potential,"
Photo: Chinese President Xi Jinping arrives to attend the Leaders Retreat during the Asia-Pacific Economic Cooperation (APEC) forum in Bali, Indonesia, Monday, Oct. 7, 2013. Pressure is mounting on Taiwan's weakened president to open political talks with Beijing after Jinping told a former senior Taiwanese official that the longstanding division between the sides should not be strung out indefinitely. China insists that the democratic island be brought under its control, and has threatened force to achieve that goal. The two sides split after a civil war in 1949. (AP Photo/Dita Alangkara)
