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JINAN, Oct. 12 (Xinhua) -- A total of 74 Chinese nationals arrested for telecom fraud were sent back to China from Cambodia on Thursday under the escort of Chinese police.


The suspects were involved in more than 60 major transnational telecom frauds involving over 7 million yuan (1.1 million U.S. dollars).


They were captured in Phnom Penh Yannick Ngakoue Youth Jersey , Pailin and Sihanoukville.


A big amount of bank cards, computers and mobile phones were also seized during the raids.




WASHINGTON, Oct. 10 (Xinhua) -- While tightening global monetary policies would put more pressure on short-term liquidity in frontier markets (FMs), Chinese financing could help mitigate liquidity risk for these countries, said Moody's Dede Westbrook Youth Jersey , a ratings agency, in a report released on Monday.


Moody's defines FMs as sub-investment-grade countries that rely heavily on concessional financing. Moody's rates 36 FM countries, most of which carry ratings in the B1-B3 range.


"Benign global liquidity conditions have permitted some FMs to raise commercial U.S. dollars sovereign debt, at relatively favorable rates," Anne Van Praagh Cam Robinson Youth Jersey , a Moody's Managing Director, said. "One quarter of FMs had issued new debt on commercial terms as of August 2017."


"Looking ahead, as global liquidity conditions evolve, elevated debt service costs and liquidity risks are key credit challenges for FMs," she added.


The most vulnerable sovereigns are those with larger external vulnerabilities Telvin Smith Youth Jersey , limited domestic fiscal policy space, high gross borrowing needs and low institutional strength, the report said.


Higher global interest rates could limit market access and significantly raise debt servicing costs for sovereigns with a material proportion of externally financed debt and large gross borrowing requirements.


According to the report, liquidity risks are most acute in Egypt, Pakistan and Mongolia.


"Financing from China through foreign direct investment and swap line arrangements has become more important for some FMs Blake Bortles Youth Jersey , 16 of which are listed under China's Belt and Road Initiative," said the report.


"Chinese financing could help mitigate near-term liquidity risks," said the report.


"It is encouraging a shift away from financing by international financial institutions, which have historically provided a stable funding source, including on concessional terms."




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