Export-Import Bank of China provided the largest share of the Chinese loans studied by researchers. Photo: Imaginechina
Export-Import Bank of China provided the largest share of the Chinese loans studied by researchers. Photo: Imaginechina

Debt-trap diplomacy? Report finds China can cancel loans if displeased

  • China’s contracts give lenders broad scope to cancel loans or accelerate repayments if debtors’ policies are deemed contrary to Chinese interests, researchers find
  • Loans have become more secretive and usually prevent borrowers restructuring, according to ‘How China Lends’ report

Export-Import Bank of China provided the largest share of the Chinese loans studied by researchers. Photo: Imaginechina
Export-Import Bank of China provided the largest share of the Chinese loans studied by researchers. Photo: Imaginechina
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