Thursday, June 8, 2023
  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services
Janam TV English
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
Janam TV English
No Result
View All Result
  • News
  • Business
  • Defence
  • Health
Home News World

Sri Lanka trapped in debt; the first victim of China

by Janam Web Desk
Jul 10, 2022, 06:23 pm IST
in World, News

Colombo: Experts say that China has trapped Sri Lanka in a debt crisis from which the latter cannot escape in the near future. They also said that it is a lesson for both Asia and Africa.  During the time of the pandemic, several world nations had escaped from the natural destruction process but Sri Lanka had fallen into the debt trap of China.

China utilised the fall of Sri Lanka as a nation without production or other sources of income. Instead of lending money, China adopted a strategy of building large scale projects in foreign countries in order to increase their holdings and income.

Experts said that the culprit is the Sri Lankan Government, which trusted China instead of taking loans from international banks.

Usually, all nations will approach international banking systems to overcome their national crisis. It will help the nations to monitor whether the fund is reaching the right hands. Such actions will always boost the development of the nations and the money will go to the people and flow back into the public economy and savings of the people.

In contrast to this, what China did was a massive construction strategy and they also bribed Sri Lankan rulers in order to get constitutional concessions. This made the Sri Lankan Government to arrive in a pathetic situation in which they cannot continue ruling without seeking the help of international agencies.

 

 

Share7TweetSendShare

Comments

Refrain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks, name calling or inciting hatred against any community. Keep the conversation civil.

Related News

PM Modi’s India is like a designer which is trying to shape the world, he asked us to think about the next 25 years: S Jaishankar
India

‘Cheetah’ emerges as the new symbol of India-Namibia friendship; says EAM Jaishankar

Free Rabies vaccine only for BPL card holders, contrary to prior norms
News

Free Rabies vaccine only for BPL card holders, contrary to prior norms

TATA becomes the most valuable brand in India; Brand Finance Report
News

TATA becomes the most valuable brand in India; Brand Finance Report

Latest News

Coromandel Express resumes services following the tragic three-train accident in Odisha

Coromandel Express resumes services following the tragic three-train accident in Odisha

Infant dies after chocking on breast milk in Kollam

Infant dies after chocking on breast milk in Kollam

School working days holds back to 205 days; Government changes their stand after the intervention of teachers’ association

School working days holds back to 205 days; Government changes their stand after the intervention of teachers’ association

Suresh Gopi’s daughter Bhagya Suresh reacts expertly against the body shaming comment

Suresh Gopi’s daughter Bhagya Suresh reacts expertly against the body shaming comment

Samsung unleashes the power of 5G with the stylish Galaxy F54 Smartphone

Samsung unleashes the power of 5G with the stylish Galaxy F54 Smartphone

WTC final: Australia vs. India, Day 1; India wins the toss

WTC final: Australia vs. India, Day 1; India wins the toss

Police arrest two accused involved in selling cannabis and MDMA in Calicut

Police arrest two accused involved in selling cannabis and MDMA in Calicut

SFI impersonation row in Kattakkada Christian College; accused are not arrested, police continues their collusion

SFI impersonation row in Kattakkada Christian College; accused are not arrested, police continues their collusion

  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services

© Janam Multimedia Limited

No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto

© Janam Multimedia Limited