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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.
2 months ago·Beijing, China

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China's debt trap policy boomerangs amid slowing foreign economies

Beijing [China], October 1 (ANI): China’s debt trap policy has boomeranged with many loans to emerging economies falling into repayment troubles due to financial distress and a slowing economy. The world’s financial experts believe China is learning a hard lesson for trying to dump money in developing and least developed countries at high-interest rates and […]

2 months ago·India
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China's debt trap policy boomerangs amid slowing foreign economies

China's debt trap policy has boomeranged with many loans to emerging economies falling into repayment troubles due to financial distress and a slowing economy.

2 months ago
Read Full Article

China's debt trap policy boomerangs amid slowing foreign economies

China debt trap policy has boomeranged with many loans to emerging economies falling into repayment troubles due to financial distress and a slowing economy.

2 months ago
Read Full Article
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