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Prominent Chinese Professor Explains Why the U.S., Not China is Actually to Blame for Global South Debt Distress

Tsinghua University professor Tang Xiaoyang makes is a leading architect of China's rebuttal against Western accusations that China engages in predatory lending to developing countries.

One of China’s foremost scholars on international debt says accusations that Beijing engages in predatory lending, or “debt trap diplomacy” do not align with the facts — and that it’s actually the U.S., or more precisely the U.S. dollar, that’s really to blame.

Tsinghua University Professor Tang Xiaoyang presented his findings last weekend at a forum at Shanghai’s Fudan University to mark the 10th anniversary of the Belt and Road.

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