A New Database Reveals China s Secret Loans? Think Again – The Diplomat thediplomat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thediplomat.com Daily Mail and Mail on Sunday newspapers.
Photo - of - by Nathan Warters | April 28, 2021
A new study by William & Mary’s AidData research lab reveals previously unknown details about China’s lending practices to developing countries.
The study, called “How China Lends,” was undertaken by a group of researchers from AidData, the Center for Global Development, the Kiel Institute for the World Economy and the Peterson Institute for International Economics. It provides evidence that Chinese loan contracts contain unusual secrecy provisions, collateral requirements and debt renegotiation restrictions.
The report is based on the largest source of unredacted loan contracts between Chinese government lenders and developing country borrowers ever assembled, said AidData Executive Director Brad Parks ’03. It has received substantial media coverage around the world and captured the attention of policymakers in Washington, London, Berlin, Tokyo and
Philstar com takes down own report but publishes DOF response shanghaisun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaisun.com Daily Mail and Mail on Sunday newspapers.
Published 5 April 2021
A new study and dataset reveal previously unknown details about China the world’s largest official creditor and its lending practices to developing countries. A cache of documents shows that Chinese loan contracts have unusual secrecy provisions, collateral requirements, and debt renegotiation restrictions.
A new study and dataset reveal previously unknown details about China the world’s largest official creditor and its lending practices to developing countries.
How China Lends , just released by AidData – a research lab at William & Mary – finds that Chinese state-owned banks are muscular, commercially savvy lenders that use contracts to position themselves as “preferred creditors,” seeking repayment ahead of other commercial and official lenders. They often do so by asking borrowers for an informal source of collateral bank accounts with minimum cash balance requirements that lenders can seize in the event of default and prohibiting borrowe
Will Chinese loan terms hamper post-virus debt talks in Africa, Asia?
By RFI
Christian Heinrich/Getty Images
In a report published this week, a group of US and German researchers warns that the terms under which China has advanced loans to poor countries in Africa and Asia are damaging some governments ability to renegotiate debt in the wake of the coronavirus epidemic.
The report, called How China Lends - A Rare Look into 100 Debt Contracts with Foreign Governments echoes warnings about problems from Chinese lending, which vastly increased after Beijing launched its trillion dollar Belt and Road Initiative (BRI) in 2012 to built vast infrastructure projects on the Eurasian continent, in Africa and the Middle East.