PNG seeks Chinese help to refinance debt, boost trade
06 Aug PNG seeks Chinese help to refinance debt, boost trade
Posted at 02:10h
in
News
by KMFSLLP
Papua New Guinea’s new
leader has asked China to refinance its entire 27 billion kina
($7.8 billion) government debt and enter into free trading
arrangements with Pacific island nations, even as competition
for influence in the region intensifies between Beijing and
Washington.
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