1 year ago
52
Increase in emergency financing since 2016 correlates with a drop in Chinese lending for infrastructure projects
China spent $240bn (£195bn) bailing out countries struggling under their Belt and Road initiative debts between 2008 and 2021, new data shows.
Research found that Chinese state-backed lenders had released bailout funds to 22 countries, including Argentina, Pakistan, Sri Lanka and Ukraine. Almost 80% of the emergency rescue lending was issued after 2016, reaching more than $40bn in 2021.
Continue reading...