Turkey Received $1 Billion Bailout From China As Reserves Ran Out
Things are very fluid in the Great Game right now and the world’s Ultimate Crony Capitalist State is taking advantage.
The old Ottoman Empire needs some help huh? Beijing says, “No problem. We can just print more yuan.”
So China stepped in to bail out Erdogan. The June inflow was the first time Turkey received such a substantial amount under the lira-yuan swap agreement with Beijing, one of the people said.