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Most Chinese loans end up in the US
Summary by Financial World
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1 Articles
Most Chinese loans end up in the US
Chinese lenders have shown over the past two decades that their money is being channeled more towards richer countries than developing ones. Research by AidDate, a research lab at the University of William & Mary in the US, found that from 2000 to 2023, Chinese lending and grants to 200 countries totaled $2.2 trillion. While China was often seen as a lender to developing countries through its Belt and Road Initiative, the focus has shifted in re…
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