Venezuelan dictator Nicolás Maduro told the nation in a televised press conference Tuesday that the funds he secured from the Communist Party of China during a visit to Beijing last week were not economic aid – Venezuela will pay for that money with at least one million barrels of oil.
The Wall Street Journal reported on Sunday that Pakistan is facing a debt crisis due to the enormous loans it has taken out for the Orange Line, an elevated railway in Lahore that is only the first installment in China’s $62 billion plan to bring its “Belt and Road” infrastructure initiative to Pakistan.
Communist China is covertly intensifying its military footprint across Africa, reports Voice of America (VOA), echoing recent comments from the top U.S. commander on the continent.
WASHINGTON, DC — China is employing “neo-colonialism” tactics in Africa in the form of predatory loans collateralized with natural resources and strategic assets, experts cautioned lawmakers on Wednesday.
Pakistan’s central bank has adopted a Chinese proposal to use the yuan currency for bilateral trade and investment transactions, replacing the U.S. dollar amid Islamabad’s ongoing feud with American President Donald Trump.
The embassy of Islamabad’s ally China, in an unsual security warning, cautioned its nationals in Pakistan that “terrorists” are planning to target them in a “series of attacks” soon.
China’s decision to temporarily stop funding at least three road projects in Pakistan affiliated with the China-Pakistan Economic Corridor (CPEC) component of Beijing’s ambitious multi-trillion dollar One Belt One Road (OBOR) initiative has left Islamabad “stunned,” reports DAWN.
