Today news
About the same in other media
China’s Lending Strategy in Emerging Markets Risks Prolonging Borrowers’ Pain
Reading now: 760
SINGAPORE—Burdened with a growing pile of souring loans to the developing world the past few years, Chinese lenders have been rescheduling payments and offering more credit to borrowers in financial straits.
Those strategies—reminiscent of “extend and pretend” practices of banks unwilling to recognize bad debts—failed in Sri Lanka, whose government collapsed recently under the weight of unpayable loans.
Read more on wsj.comAbout this in other media
World Bank Cuts China Growth Forecast as Covid-19, Real-Estate Crunch Take Toll wsj.com /2 years ago
Russia aims to use CBDC for international settlements with China: Report cointelegraph.com /2 years ago
China growth lags Asia-Pacific for first time in decades as World Bank cuts outlook theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![Is Binance Coin [BNB]’s burning landmark enough drive to lead the alt to $300](https://finance-news.co/storage/thumbs_400/img/2022/9/17/41264_rv20s.jpg)
![Bitcoin [BTC]: Heavy coin inflow into exchanges suggests rally in sell pressure](https://finance-news.co/storage/thumbs_400/img/2022/9/17/41249_ycf8t.jpg)
