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Tuesday, March 28, 2023

Fundamental: China increasing bailouts to Belt and Road partners: report

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Alert Alert Mar 28, 2023, 5:42pm
 
Fundamental: China increasing bailouts to Belt and Road partners: report
China has increasingly bailed out developing countries that have struggled to repay loans from the Belt and Road Initiative, according to a new report published on Tuesday. Between 2008 and 2021, China issued $240 billion (€221.7 billion) in bailout loans to 22 countries, the report found. Around 80% of these rescue loans were issued after 2016. The report ...
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