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China’s secret loans to developing nations pose problems, study finds



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China, the world’s largest public lender to developing countries, imposes unique conditions on borrowing nations which could be giving Beijing undue influence over their economic and foreign policies, according to a study from Germany’s Kiel Institute for the World Economy (IfW) released Wednesday. The study analyzes 100 Chinese loan agreements with 24 countries, the first systematic analysis of the legal terms of China’s foreign lending, the report’s authors write. Carried out with support from several US research institutions, it compares agreements made with Chinese state-owned banks against 142 publicly available contracts of other major creditor countries. The contracts in question “use creative design …

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