After doling out huge loans, China is now bailing out countries

New data shows that China is providing ever more emergency loans to countries, including Turkey, Argentina and Sri Lanka. China has been helping countries that have either geopolitical significance, such as a strategic location, or lots of natural resources. Many of them have been borrowing heavily from Beijing for years to pay for infrastructure or other projects.

from News-Economic Times https://ift.tt/L7lr0I8

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