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As Debt Resolution Deadlock Looms, Which Scenarios Face Us?

China’s rapid rise as a global lender has also made it a significant disrupter of the business-as-usual of debt restructuring. While Western stakeholders have framed China’s role as a ‘barrier,’ Beijing insists that it is being treated unfairly in comparison to Western-led multilateral institutions and private creditors.

So how does this play out? Gabriel Sterne, an emerging markets expert at Oxford Economics recently mapped four scenarios in a column for FT.

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