In Global Slowdown, China Holds Sway Over Countries’ Fates
The lender of choice for many nations over the past decade, Beijing now has the power to cut them off, lend more or forgive some of their debts. By Keith Bradsher Oct. 6, 2022Updated 7:57 a.m. ET “BEIJING — When Suriname couldn’t make its debt payments, a Chinese state bank seized the money from one of the …
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