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China's development finance has had plenty of the same problems, which is why loan volume has drastically dropped since the 2016 peak [1], China adopted debt su
by yorwba 5y ago
China's development finance has had plenty of the same problems, which is why loan volume has drastically dropped since the 2016 peak [1], China adopted debt sustainability criteria similar to those used by World Bank and IMF [2] and the chairman of China Development Bank was relieved of his post and arrested for corruption [3].
[1] https://www.bu.edu/gdp/2020/12/13/scope-and-findings-chinas-overseas-development-finance-database/ https://www.bu.edu/gdp/2020/12/13/scope-and-findings-chinas-...
[2] https://www.scmp.com/news/china/diplomacy/article/3007714/china-seeks-allay-belt-and-road-debt-trap-concerns-standard https://www.scmp.com/news/china/diplomacy/article/3007714/ch...
[3] https://www.reuters.com/article/us-china-bank-idUSKBN2070PA https://www.reuters.com/article/us-china-bank-idUSKBN2070PA