China's government bank is paying more people than other people in paying taxes to other countries. This move of Chinese banks is being described as part of the government's thoughtful strategy.
Chinese President Xi Jinping has signed agreements for development of infrastructure in many countries under the One Belt One Road project, but these agreements are being described as one-sided.
China is working on the development of infrastructure in many countries around the world and has invested heavily.
advertisement
According to the Wall Street Journal report, for the first time in 2016, three of China's four big government banks have given more loans to foreign countries than corporate loans.
It has been reported in the report that China is forwarding its companies to businesses in the world of the world, from which one-way profit can be earned. It has been reported in the report that China is pushing the strategy very quickly to increase its effectiveness.
Image CopyRight GETTY IMAGES
China's increasing scope of debt
The three countries of South Asia - China, Sri Lanka and the Maldives are the outstanding loans of China. Last year, Sri Lanka had to hand over Hambantota port to China due to over $ 1 billion loan.
At the same time, Pakistan is also entangled in Chinese debt and once again in the economic crisis, it can go to China's refuge.
China is also developing many projects in the Maldives. The projects which India was working on in Maldives have also been handed over to China.
Maldives canceled the international airport deal with Indian company GMR at a cost of $ 511 billion.
According to a report, foreign taxes on China Construction Bank have increased by 31 percent, compared to the 1.5 percent growth in the country.
Compared to 2016, the rate of grant of loan to external countries by the Bank of China rose by 10.6 percent in 2016. Since the arrival of China's Command Xi Jinping in 2013, his ambitious plans have been further expedited in the One Belt One Road project.