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China's Shifting Development Finance Landscape
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Overview
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China's lending activities, particularly through the Belt and Road Initiative, have made it the world's largest creditor, but it faces challenges such as overdue loan repayments and financial distress in borrowing countries. China is now focusing on rescue finance, shifting away from infrastructure projects. It has also been working more with multilateral lenders and Western commercial banks, while reducing its lending to low- and middle-income nations.
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How might China's evolving lending strategies impact the economic development of borrowing countries?
How might the shift in China's lending strategies affect the global balance of power in development finance?
What are the potential implications of China's increasing focus on rescue finance for its reputation and geopolitical relations?
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