Belt and road initiative

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China ‘world’s biggest debt collector’ as poorer nations struggle with its loans

Country, estimated to be owed up to $1.5trn, is increasing penalties for late payments and cutting back on infrastructure projects China has become the world’s biggest debt collector, as the money it is owed from developing countries has surged to betw…

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India, US and Saudi Arabia in talks on rail and ports deal linking Gulf and south Asia

Talks include Europe and UAE as Joe Biden flies to Delhi with aim of rivalling China’s Belt and RoadThe US, Saudi Arabia, India and other nations are discussing a possible infrastructure deal that could reconfigure trade between the Gulf and south Asia…

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Pakistan’s PM says rival Imran Khan is ‘biggest liar on earth’

As economic turmoil continues, Shehbaz Sharif accuses predecessor of leaving the country in ruins Pakistan’s prime minister, Shehbaz Sharif, has accused the former premier Imran Khan of being the “the biggest liar on the face of the earth” and injectin…

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China funnels its overseas aid money into political leaders’ home provinces

Schools, stadiums or airports help the presidents of countries that receive cash from Beijing tighten their grip on powerChina’s financing of overseas projects has disproportionately benefited the core political supporters of incumbent presidents or pr…

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How Covid spread fear of globalisation and threatens a new world order

From China backtracking on coal to Britain’s ‘chicken king’ calling for a rethink of food production, the virus has accelerated nationalist impulses towards autarkyWhen Xi Jinping promised the world’s movers and shakers in January 2017 that China would…

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