Bring China into the international financial system
OpinionFebruary 05, 2019
Will China indebt the world? China has risen rapidly to become the world’s largest infrastructure creditor. Its lending is politically driven, risk-prone and opaque, and has left many borrowers with unsustainable debt. China should be encouraged to join the established, rules-based international financial system, writes Robert Wihtol, a former Director General at the Asian Development Bank.
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