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BEIJING/LONDON —The Maldives' hopes of staving off a debt crisis were given a lift on Friday after China agreed to strengthen trade and investment in its latest demonstration of support and influence in the Indian Ocean nation.Concerns have grown in recent months that the cash-strapped Maldives could become the first country to default on Islamic sovereign debt but this week has seen a sudden improvement in sentiment.
China's foreign ministry earlier in the day had said the world's second-largest economy and biggest bilateral lender had been in touch with the Maldives about its debt to Beijing and stepping up financial cooperation between the two countries.
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