Male: China is accused of targeting all the countries of the world where the economy is the problem. First, China gives loans and then works to get the Chinese companies contracted by influencing the government policy. According to the information received, after Sri Lanka now another neighbouring Maldives is also being pressed under the debt of China.
According to media reports, according to the reports the Maldives government are in debt of $ 3.1 billion. That too when the entire economics of the Maldives is worth about $ 5 billion. The entire economics of Maldives depends on tourism. The tourism sector of Maldives is closed due to COVID-19 virus. The Maldives earns about two billion dollars every year from tourism, but due to COVID-19, it is likely to decrease by one third.
Mohammad Nasheed, the former PM of the Maldives and the speaker of the then country's parliament, says China's total debt to the country is about $ 3.1 billion. Nasheed raised questions on the feasibility of the infrastructure project in the country for which loans were taken from China. He said, "Will these projects give so much revenue that the debt can be repaid through them? The business plan of these projects does not indicate that the loan can be repaid, this includes loans taken between the government, loans to government companies and loans to private companies, which have been guaranteed by the Maldives Government. Even this trick of China will not work".
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