Today news
About the same in other media
China’s Lending Strategy in Emerging Markets Risks Prolonging Borrowers’ Pain
Reading now: 967
SINGAPORE—Burdened with a growing pile of souring loans to the developing world the past few years, Chinese lenders have been rescheduling payments and offering more credit to borrowers in financial straits.
Those strategies—reminiscent of “extend and pretend” practices of banks unwilling to recognize bad debts—failed in Sri Lanka, whose government collapsed recently under the weight of unpayable loans.
Read more on wsj.comAbout this in other media
Russia aims to use CBDC for international settlements with China: Report cointelegraph.com /2 years ago
China growth lags Asia-Pacific for first time in decades as World Bank cuts outlook theguardian.com /2 years ago
China accounts for 84% of all blockchain patent applications, but there's a catch cointelegraph.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
