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Image makeover: A year after turmoil, China assures Colombo of IMF bailout

Virendra Pandit   New Delhi: Nearly a year after Sri Lanka declared default amid widespread economic and political turmoil—which ended the China-friendly Rajapakse dynasty’s long stranglehold on the island nation—Beijing has mercifully assured Colombo to support Sri Lanka’s debt restructuring. This comes days after China similarly assured its ‘all-weather friend’ Pakistan also as a face-saver […]

Roving Periscope: Amid multiple challenges and lower GDP growth, China hikes defense budget

Virendra Pandit   New Delhi: With US President Joe Biden and many other American leaders, cutting across party lines, warning against China’s increasing hegemony and belligerence, Beijing has increased its defense budget for 2023 by 7.2 percent despite its lowest economic growth in 25 years in a post-Covid recovery year. According to the media reports, […]

CPEC: To protect USD 62 bn investment, China throws a USD 1.3 billion lifeline at drowning Pakistan

Virendra Pandit   New Delhi: Amid apprehensions that the Afghan Taliban-supported Tehreeke-e-Taliban Pakistan (TTK) and the Baluch terrorists could target the China-Pakistan Economic Corridor (CPEC) infrastructure projects and Gwadar Port, Beijing on Saturday approved a USD 1.3 billion loan for cash-strapped Islamabad to wean it away from declaring a Sri Lanka-type default in the coming […]
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