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China's debt trap policy boomerangs amid slowing foreign economies

Summary by Ground News
Nearly 60 per cent of China's overseas loans are now held by countries considered to be in financial distress, compared with 5 per cent in 2010. The COVID-19 pandemic, followed by the Russia-Ukraine conflict, has adversely affected emerging economies. China has an option to write off the loans forcing the Chinese banks to accept massive losses.

Bias Distribution

  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
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The Print broke the news in New Delhi, India on Saturday, October 1, 2022.
Sources are mostly out of (0)