Chinese loans are causing more excessive debt for emerging economies. This is the result of a study by the Kiel Institute for the World Economy (IfW). Since 2008, there have been 71 cases of rescheduling of Chinese loans compared to just 21 restructurings of international bonds. “The number of payment problems toward Chinese creditors is surprisingly high,” says Christoph Trebesch, a financial market expert at the IfW and co-author of the study.
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