China's Belt And Road Initiative Hits Repayment Trouble

China’s Belt and Road Initiative has hit difficultly as emerging economics struggle to repay loans, forcing officials to tighten its policy on lending, Nikkei Asia has reported.

Loan recipients of China under the scheme, such as Sri Lanka, Egypt and Ghana, find themselves strapped for cash after the Covid pandemic and soaring global inflation, the report said, adding that an estimated 60% of China’s loans are now owed by nations in debt crises.

Read the full report: Nikkei Asia.

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Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.