China as an international creditor

Bericht

China became the world's largest lender to emerging and developing economies over the past decade. At the same time, concerns on the debt sustainability of many of these countries have grown. Some countries have found themselves struggling to repay their loans and China has had to renegotiate debt restructurings bilaterally. As covid-19 pandemic hit many of the borrowers hard in 2020, China committed with all other G20 countries to the Debt Service Suspension Initiative (DSSI) to temporarily suspend official bilateral debt payment of 73 beneficiary countries. While China's overseas lending remain opaque, there is little evidence that China intentionally practices "debt-trap diplomacy."

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: BOFIT Policy Brief ; No. 5/2021

Classification and Topics

• Classification: Wirtschaft
• Subject: China ; loans ; loan restructuring ; low-income and emerging economies

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Kaaresvirta, Juuso ; Laakkonen, Helinä
• Event: Veröffentlichung
• (who): Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT)
• (where): Helsinki
• (when): 2021

Further information

• Handle: http://hdl.handle.net/10419/251706
• URN: urn:nbn:fi:bof-202103241168
• Last update: 10.03.2025, 11:44 AM CET