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Ahead of G20, Modi Hints That Beijing Drags Poor Countries Into Debt Trap

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03 September 2023
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Ahead of G20, Modi Hints That Beijing Drags Poor Countries Into Debt TrapPrior to the G20 summit in New Delhi, Indian Prime Minister Narendra Modi indirectly criticized the Chinese communist regime for taking advantage of the crisis of other countries to make huge profits while creating debt traps for these countries. India, which holds the G20 presidency this year, is still pushing for debt relief for poor countries. Speaking in an exclusive interview with Business Today, Mr. Modi emphasized the importance of financial discipline and the need for countries to safeguard themselves from financial indiscipline. “It is the duty of each country to guard itself from financial indiscipline, but at the same time, there are forces that have sought to take undue advantage by catalyzing debt crises. These forces have capitalized on the helplessness of other countries and led them into debt traps,” he said....

Read more https://www.theepochtimes.com/china/ahead-of-g20-modi-hints-that-beijing-drags-poor-countries-into-debt-trap-5485689

  • Previous Article Australia to Seek Common Ground with China, Says Head of Delegation
  • Next Article Chinese Hospitals Treat COVID Infections as Common Cold While Cases Surge

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