A visitor views an artwork at the second Belt and Road Afro-Sino Art Exchange Exhibition at the National Gallery of Zimbabwe in Harare, Zimbabwe, on April 29, 2019. African nations have borrowed heavily from China in recent years. Photo: Xinhua
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

With the coronavirus imperilling belt and road borrowers, China must not simply write off debt

  • Forgiving the debt will not only send the wrong message, and it will discourage China from making further infrastructure loans
  • Debt-to-equity conversion could allow China to change the nature of the Belt and Road Initiative by turning it into super-sovereign wealth fund
A visitor views an artwork at the second Belt and Road Afro-Sino Art Exchange Exhibition at the National Gallery of Zimbabwe in Harare, Zimbabwe, on April 29, 2019. African nations have borrowed heavily from China in recent years. Photo: Xinhua
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