hello, welcome to bbc news. new evidence has shown the extent of foreign project funding by china, much in the form of expensive loans. researchers at a us university have shown china hands out twice as much international development money every year and the us and other major powers combined. a lot of the money supports china s belt and road initiative, beijing s mission to build new trading routes. many loans are concealed from government balance sheets. over the past 18 years, china has issued twice as many loans and grants as the us. a 150 page report full of hidden data that took us researchers four years to uncover. it s full of hidden information that the chinese government doesn t even have about its own lending. namely that china is bankrolling international infrastructure projects big things like bridges and ports at twice the rate of the united states and other major powers, and a majority of that funding is being channelled through chinese state banks. they re
hello and a warm welcome to viewers on pbs in america and around the globe. new evidence has shown the extent of foreign project funding by china, much of it in the form of expensive loans. the study by researchers at the us university william and mary shows china has that was as much international development money every year as the us and other major powers combined. a lot of the money supports china s belt and road initiative, beijing the initiative to build new trading routes and many of the loans are concealed from balance sheets and with the story, this is the agr pacific editor. in 150 page report full of hidden data, and took root us researchers four researchers to uncover, full of heading into information that the chinese government does not even have about its own lending, namely that china is bankrolling international infrastructure projects, big thing like bridges and caught are twice the rate of the united states and other major powers. in the majority of that fu
Even more important. what we see when we look at the projects is they are tailored in a way to benefit china, both in a way to benefit china, both in terms of being an influence but also to meet some domestic economic needs, like dealing with overcapacity in some of their own industries. when you talk about development and putting money forward for development, historically countries like the united states or other countries from the developed world, you think about them about bettering society and potentially wanting to improve things socially. is there a feeling that china is doing the same or not? i think that is one doing the same or not? i think that is one of doing the same or not? i think that is one of the doing the same or not? i think that is one of the things - doing the same or not? i think that is one of the things most| that is one of the things most markedly different. china in most cases is paid very little attention to concerns related to labour standards for exa
This is bbc news. the headlines: how to make friends and influence people, new research uncovers a staggering scale of china s hidden foreign lending. america s top general admits united states reputation has been damaged by the chaotic exit from afghanistan. the french insist they are doing everything they can to stop migrants crossing the english channel and accuse the uk are being ungrateful. we channel and accuse the uk are being ungrateful. being ungrateful. we all have our secrets, being ungrateful. we all have our secrets, we being ungrateful. we all have our secrets, we just - being ungrateful. we all have our secrets, we just did - being ungrateful. we all have our secrets, we just did not l our secrets, wejust did not get to yours yet! our secrets, we just did not get to yours yet! get to yours yet! shaken, stirred and get to yours yet! shaken, stirred and very, - get to yours yet! shaken, stirred and very, very - get to yours yet! shaken, l stirred and very, very lat
Researchers four researchers to uncover, full of heading into information that the chinese government does not even have about its own lending, namely that china is bankrolling international infrastructure projects, big thing like bridges and caught are twice the rate of the united states and other major powers. in the majority of that funding has been channelled through chinese state banks. they are often issuing risky high interest loans, $843 billion worth of funding spread across 165 countries. here is a prime example. a 400 kilometre railway stretching from southwest china, across the border into it neighbour, requiring 75 tunnels and 62 bridges, and costing $5.9 billion. laos is one of the prize countries in the region and it is shouldering most of the risk. last year it had to