China debt amounts to 45 percent of its GDP
The national debt of the People's Republic of China is the total amount of money owed by the central government, local governments, government branches and state organizations of China. As of 2020, China's total government debt stands at approximately 7 trillion dollar, equivalent to about 45% of GDP
Dec 23, 2021, 17:44 PM IST
Pakistan's CPEC port in Gwadar has more challenges than advantages: Report
Connectivity, higher transportation cost and services could prevent Gwadar from succeeding. And, of all things, it may be water that could be the biggest threat.
Apr 12, 2018, 20:25 PM IST
IMF head warns China on exporting debt through 'Silk Road'
Lagarde made the comments at a Beijing forum on Chinese President Xi Jinping's signature Belt and Road initiative, a USD 1 trillion road, rail and construction project spanning dozens of countries -- from Asia to Africa and Europe.
Apr 12, 2018, 17:31 PM IST
Blow to China: African Union discovers data theft, espionage; ditches Chinese servers
China has reponded characterstically, dismissing the allegation instead of trying to win back the trust.
Jan 30, 2018, 11:51 AM IST
China wields CPEC: Pakistan buckles to trade in yuan, to treat it equal to US Dollar
Less than a month back, Pakistani finance ministry officials had termed this move against the country's interest.
Dec 19, 2017, 13:21 PM IST
Why global powers are obsessed with containing China: 10-point guide
Here is a 10-point guide to understanding the rising fear of China.
Nov 17, 2017, 07:34 AM IST
S&P says downgraded China as credit growth still too fast
China`s finance ministry said the downgrade was "a wrong decision" that ignored the economic fundamentals and development potential of the world`s second-largest economy.
Sep 22, 2017, 16:27 PM IST
S&P downgrades China, says rising debt is stoking economic, financial risks
S&P had said in June there was a "real" chance of a downgrade and a decision would be made based on whether China is able to move away from a credit-driven growth strategy. The demotion follows a similar move by Moody`s Investors Service in May.
Sep 21, 2017, 15:10 PM IST
China removes 75% cap on loan-to-deposit ratio
Facing economic downturn, China today removed 75 percent loan-to-deposit ratio stipulation for its commercial banks to improve liquidity and imposed USD 2.5 trillion as ceiling for local governments to control the spiralling debt.
Aug 29, 2015, 20:23 PM IST
