China's Belt and Road Initiative: From Lending to Bailing Out.
TL;DR Summary
China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loans spent building "Belt & Road" infrastructure, according to a study. Almost 80% of the rescue lending was made between 2016 and 2021, mainly to middle-income countries including Argentina, Mongolia and Pakistan. China's rescue lending is "opaque and uncoordinated," said Brad Parks, one of the report's authors, and director of AidData.
- China spent $240 billion bailing out 'Belt & Road' countries, study shows Reuters
- After Doling Out Huge Loans, China Is Now Bailing Out Countries The New York Times
- China’s Relation to Developing Countries Turns Debt Manager Bloomberg
- China Boosts Lending to Struggling Belt and Road Borrowers The Wall Street Journal
- Beijing Borrows at Fastest Pace on Record Bloomberg Television
- View Full Coverage on Google News
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