China’s double-edged debt trap
Author: Toshiro Nishizawa, University of Tokyo
As the world’s largest bilateral lender, China faces challenges in dealing with the debt distress of some of its borrowers under the Belt and Road Initiative (BRI). Whether China can support those debtors and avoid trapping itself in unpaid debts will depend on its policy choices.
……Read full article on East Asia Forum
Finance Debt International
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