With problems of his own, Xi hesitates on bailing out SL, Pak as debt soars

China hasn't reissued loans totalling $4 billion that Pakistan repaid in late March, and hasn't responded to Sri Lanka's pleas for $2.5 billion in credit support

Over the past few years, the US has accused China of using “debt diplomacy” to make developing nations across the world more dependent on Beijing. 

Yet the cases of Sri Lanka and Pakistan — both friends of China facing dire financial situations as inflation soars — show that President Xi Jinping’s government is becoming more reluctant to pull out the checkbook. China still hasn’t made good on a pledge to re-issue loans totalling $4 billion that Pakistan repaid in late March, and it hasn’t responded to Sri Lanka’s pleas for $2.5 billion in credit support.

While China has pledged to help both