Maldives not ‘mired in debt trap,’ says China

first_imgBEIJING – TheMaldives are not “mired in a Chinese debt trap”, the Chinese government’s topdiplomat told the visiting Maldivian foreign minister, amid fears in the IndianOcean country of debts as high as $3 billion owing to Beijing. The Indian Ocean island chain has beencaught in a battle for influence between India and China, which investedmillions of dollars during the rule of the pro-China former leader AbdullaYameen as part of China’s Belt and Road plan, designed to improve its globaltrade reach. Chinese Foreign Minister Wang Yi and Foreign Minister of Maldives Abdulla Shahid shake hands and hold the signed agreements during the signing ceremony at the end of the meeting at Diaoyutai State Guesthouse, in Beijing, China Sept. 20, 2019. REUTERScenter_img The ruling Maldivian Democratic Party,which won a landslide in the archipelago’s parliamentary election in April,fears the debts to China could run as high as $3 billion and risk sinking theeconomy. (Reuters)last_img

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