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International Relations Economy

All articles tagged with #international relations economy

international-relations-economy1 year ago•1 min saved

"IMF Warns of High Risk of Debt Distress for Maldives Amid China Borrowings"

The Maldives, heavily indebted to China and with a shifting allegiance from India, is at high risk of "debt distress," according to the IMF. President Muizzu has expressed gratitude for China's assistance, but the IMF warns of the need for urgent policy adjustments to address the country's fiscal deficits and public debt. With tourism as a major economic driver, the nation faces uncertainty despite recovery from the pandemic, and its heavy reliance on Chinese debt poses significant risks.

via NDTV|

#china #debt-distress #foreign-policy

international-relations-economy1 year ago•1 min saved

"Chinese Protest at U.S. Embassy Over Stock Plunge"

Chinese citizens are expressing their frustration with the slowing economy and weak stock market on the social media account of the U.S. Embassy in Beijing, with a post about protecting wild giraffes attracting over 130,000 comments, many unrelated to wildlife conservation. The U.S. embassy has been described as the "Wailing Wall" for Chinese retail equity investors, as they use the platform to vent their economic grievances. Chinese authorities often block negative online comments about the economy and markets, and have been trying to calm investors with positive messages, which have sometimes backfired.

via Investing.com|

#china #economic-frustration #international-relations-economy