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China gives Solomon Islands $66 million loan for Huawei deal – Times of India

News Snapshot:

SYDNEY: Solomon Islands has secured a $66 million loan from China to fund tech giant Huawei building 161 telecoms towers across the Pacific nation, its government said on Thursday. It is the first large-scale financing the country has received from Beijing since they signed a secretive security pact in April. The island nation’s growing financial and security links to China have roused concern from the US and its allies, including Australia, which had agreed to build six telecoms towers in the country. The Solomons will receive a 20-year concessional loan from state-linked Export-Import Bank of China that will fully fund…

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