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Along China's Belt and Road, lenders' problem debt mounts
BEIJING -- Chinese overseas loans went sour at a far worse rate in recent years as the COVID-19 pandemic and inflation took a toll on emerging economies involved in Beijing's Belt and Road infrastructure initiative.
A total of $76.8 billion in debt was renegotiated from 2020 to 2022, a figure more than four times the $17 billion in problem debt for the preceding three years.
Thursday, June 1, 2023
Along China's Belt and Road, lenders' problem debt mounts
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