Maldivians worried if China will take over assets, like in Africa
With three of the largest Chinese projects in the Maldives said to be worth $1.5 billion, social media has been flooded with concern and disapproval following reports that China is to take over Zambia’s international airport if that country fails to pay back its foreign debt.
Sep 11, 2018
MALE: With three of the largest Chinese projects in the Maldives said to be worth $1.5 billion, social media has been flooded with concern and disapproval following reports that China is to take over Zambia’s international airport if that country fails to pay back its foreign debt.
China is reportedly proposing to take over the Kenneth Kaunda International Airport should the Zambian Government fail to pay back the US$360 million loan on time. The Chinese also own 60% shares of the Zambian National Broadcasting Corporation, which effectively means the Chinese have an influence over what should or should not be aired.
In Ghana too, the story is no different. Chinese owned company STARTIME is gradually gaining grounds over major institutions, while Ghana’s biggest mining companies are set to be “taken over" by a Chinese company, according to Committee for the Abolition of Illegitimate Debt.
“Zambia, Gambia, all lessons to you!” former Maldivian Foreign Minister Ahmed Shaheed tweeted, referring to China-backed development projects in the Maldives such as the US$200 million Sinamalé Bridge and an upgrade of the country’s main international airport.
MP Abdul Ghafoor Moosa, who sits on parliament’s finance committee, told the Maldives Independent that about 90 percent of the country’s external debt has to be paid to China.
“Our economy will be in a deadlock because of China. We will have to pay at least 70 percent of what we get to China. It is an immense economic fear to be so dependent on just one country alone,” the MP said.
Most comments on local news websites expressed concern and skepticism over China-led projects in the Maldives.
Air pollution battle in India needs a sense of urgency
If India takes the top place in GDP growth globally, why we have such lower targets in meeting air quality over five years, particularly considering the fact that it is the 65 percent of India’s young population would be the main victims of the worsening air quality, writes Rajendra Shende for South Asia Monitor .
Bangladesh, ADB sign deal for rural road network
The Asian Development Bank (ADB) and the Bangladeshi government have signed an agreement for $200 million in loans to improve the rural road network in Bangladesh.
No lessons learnt from past; 'Military History of India' makes clear
Great warmth between Pakistanis and Indians: Pakistani writer Fatima Bhutto
'Jallianwala Bagh massacre by British was preceded by reign of terror'
South India has its distinctiveness and its history is relatively unknown: Rajmohan Gandhi