debt

Chinese ‘Belt and Road’ Loans Cause Debt Crisis in Pakistan

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.

Pakistan labourers arrange a welcome billboard featuring the Chinese and Pakistani national flags ahead of the forthcoming visit by Chinese President Xi Jinping in Islamabad on April 18, 2015. Pakistan needs a 'huge amount of financing' for infrastructure and energy projects and China is ready to announce help when President …

Tom Van Flein: GOP Congress ‘Still Running Nancy Pelosi’s Priorities’ — ‘We’re Talking About Amnesty, not Building a Wall’

Democrats are “winning the narrative” and “winning their priorities” in Capitol Hill spending deals despite congressional GOP majorities and a Republican president, said Tom Van Flein, current chief of staff for Rep. Paul Gosar (R-AZ), on Friday’s edition of SiriusXM’s Breitbart News Tonight with host Rebecca Mansour.

Ryan

For China, Debt Disaster Lurks in the Shadows

Analysts with the proper degree of skepticism about China’s boasts of soaring economic power note that official reports from the Communist regime cannot be trusted. Another, less widely understood problem is that China’s rulers might not know how unstable their economy really is because a sizable portion of Chinese debt lurks off the books in the “shadow banking” industry.

An employee puts Chinese one-hundred yuan banknotes in a money counting machine for a photograph at the Korea Exchange Bank headquarters in Seoul, South Korea, on Thursday, Feb. 27, 2014. Chinas central bank is forecast to double the yuans trading band in the coming quarter as policy makers loosen exchange-rate …

China Uses Website to Name, Shame, and Punish Debtors

Economists around the world worry about the accumulation of excessive personal debt. China’s approach to the problem is as ham-fisted as everything else the authoritarian nation does: they set up a website to name, shame, and punish “dishonest people” with debt repayment judgments against them.

The Associated Press