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Title : Papua New Guinea Has Become The Next Country to Fall Into China's Debt Trap
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Papua New Guinea Has Become The Next Country to Fall Into China's Debt Trap

Papua New Guinea Prime Minister James Marape met with China's ambassador to PNG Xue Bing in Port Moresby yesterday. (Image: Supplied)

ABC News Online: Papua New Guinea asks China for help with $11.8b national debt

In a move experts say could give Beijing even greater influence over Australia's nearest neighbour, Papua New Guinea's Prime Minister James Marape has reached out to China to help refinance its 27 billion kina ($11.8 billion) national debt.

Mr Marape made the request yesterday in a meeting with China's ambassador to PNG Xue Bing in Port Moresby, according to a statement issued on Tuesday afternoon by his office.

But this afternoon, the Prime Minister appeared to backtrack on the Government's earlier claims and said the statement was issued to media without his knowledge.

Mr Marape maintained that PNG is seeking assistance with its debt levels from China among a string of other partners such as the World Bank and "some other possible non-traditional partners".

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WNU Editor: Here is an easy prediction. That Chinese debt assistance is going to have a lot of strings attached.

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