Is China an enormous spender or a mortgage shark? – BBC Information
China arms out twice as a lot growth cash because the US and different main powers, new proof reveals, with most of it coming within the type of dangerous high-interest loans from Chinese language state banks.
Over 18 years, China has granted or loaned cash to 13,427 infrastructure tasks value $843bn throughout 165 international locations, in keeping with analysis.
A lot of this cash is linked to the Belt and Street technique, which makes use of China’s experience in infrastructure tasks to construct new world buying and selling routes.
Critics worry that the high-interest loans funding many Chinese language tasks are saddling unsuspecting populations in sky-high debt.
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