Chinese “Emergency Loans” Are Creating a Debt Crisis
Chinese emergency loans might seem like a good alternative to the IMF for certain countries—they don’t come with strings attached to clean up corruption, improve human rights, or change a country’s …
Chinese emergency loans might seem like a good alternative to the IMF for certain countries—they don’t come with strings attached to clean up corruption, improve human rights, or change a country’s financial system. But what a lot of countries that have taken Chinese loans have found is that they do come with other strings attached, and it’s causing a debt crisis. In this episode of China Uncensored, we talk about what those strings are, what’s happened to countries that take Chinese loans and how China is
