China gives $2.1 billion in debt relief: What's the catch? | DW News
November 21, 2020
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1:59Now PlayingChina gives $2.1 billion in debt relief: What's the catch? | DW News
YouTube Description
as posted by the channelChina says it has given 2.1 billion worth of debt relief to developing countries struggling with repayments due to the coronavirus. China has emerged as a major lender to emerging-market economies, especially those in sub-Saharan Africa. As part of its trillion-dollar Belt and Road Initiative, China has financed large infrastructure projects throughout Africa that critics say have left many poor countries overloaded with debt.
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