We Gotcha Now! – A new study tracks the surge in Chinese loans to poor countries
China knows that debt is a powerful tool of policy. And indebted country is a country that can be manipulated.
(From The Economist)
A new study by Sebastian Horn and Christoph Trebesch of the Kiel Institute for the World Economy and Carmen Reinhart of Harvard University offers the most comprehensive picture yet of China’s official credit flows (including state-owned banks)…
…They find that nearly half of China’s lending to developing countries is “hidden”, in that neither the World Bank nor the IMF has data on it.
Reprinted from: https://www.ac2news.com/2019/07/we-gotcha-now-a-new-study-tracks-the-surge-in-chinese-loans-to-poor-countries/
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