Xi Jinping

Pandora Papers, China and Pakistan

A day back, most news outlets published the news about ‘Pandora Papers’. It is considered the largest journalistic investigation in history that claims to expose a shadow financial system benefiting the world’s elite. The leak involves about 12 million documents revealing hidden wealth, tax avoidance, money laundering, etc. US-based International Consortium of Investigative Journalists (ICIJ) has obtained this data. Data from two countries, China and Pakistan, is considered vital in

Italy calls for review of China’s Belt & Road Initiative

Just before the pandemic began, China had found a very close friend in the form of then Italian Prime Minister Giuseppe Conte. China considered him as their entry gate into the European Union. The friendship became so close that Conte ditched the traditional pro-Western Italian foreign policy and joined China’s Belt & Road Initiative, which is infamous globally as the ‘Chinese debt trap’. Under Conte, the Chinese influence in Italy

Paris Club defers Cuba's debt repayment; China uproots pillars at Nepal border

Paris Club defers Cuba’s debt repayment   Cuba has told the Paris Club or the group of creditor nations that currently, it is not in a position to repay the debt it owes to them. With it, the 22 nations club has allowed Cuba to defer its debt repayments though not till the end of 2022 as demanded by Havanna. In the recent past, Cuba’s foreign debt has grown at