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Prominent China Scholar Maps a Way Out For Beijing’s Global South Debt Crisis

Exterior of the China Development Bank Tower in Shanghai.

With the global economy steadily sliding towards recession, a growing number of Chinese bankers are no doubt becoming increasingly nervous about whether they’ll ever see again the tens of billions of dollars they lent to developing countries over the past two decades.

For years, China has been the largest bilateral creditor to developing countries, rivaling even the World Bank.

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