Wednesday 21 November 2018
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todayonline - 3 month ago

Tonga PM fears asset seizures as Pacific debts to China mount

WELLINGTON/SYDNEY - Pacific island nations are holding talks which could lead to a coordinated request that China forgive mounting debts in the region amid concerns Beijing may start seizing strategic assets, Tonga s Prime Minister Akilisi Pōhiva said on Thursday. Tonga, one of eight island nations in the South Pacific carrying significant debt to China, is due to start repaying loans next month after borrowing heavily in the aftermath of deadly riots in 2006 that destroyed large parts of its

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