China grants billions in bailouts as Belt and Road Initiative falters: FT
english.khabarhub.com · Wed Mar 29 05:10:00 GMT 2023
A Chinese engineer on a Belt and Road project site in Hambantota, Sri Lanka. Colombo is urging China and other creditors to reach a compromise on debt restructuring © Paula Bronstein/Getty Images
LONDON: China has expanded its bailout lending as its Belt and Road Initiative (BRI) blows up following a series of debt write-offs, scandal-ridden projects and allegations of corruption, according to Financial Times.
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