China is the world’s largest official creditor. Photo: Bloomberg
China is the world’s largest official creditor. Photo: Bloomberg

China’s debt practices have caused ‘suffering’, hurt multilateral restructuring: US Treasury official

  • Dozens of countries may be burdened with debt-servicing problems, lower growth and underinvestment, top adviser Brent Neiman warns
  • Notes China’s ‘enormous scale’ as a lender, citing estimates of up to US$1 trillion worth of outstanding official loans

China is the world’s largest official creditor. Photo: Bloomberg
China is the world’s largest official creditor. Photo: Bloomberg
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