China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loans spent building “Belt & Road” infrastructure, according to a study published Tuesday. Almost 80 per cent of the rescue lending was made between 2016 and 2021, mainly to middle-income countries including Argentina, Mongolia …
Read More »China spent $240bn bailing out ‘Belt & Road’ countries: study
March 28, 2023