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BBCNEWS BBC News September 29, 2021 03:02:00 - Vimarsana News

BBCNEWS BBC News September 29, 2021 03:02:00

Researchers four researchers to uncover, full of heading into information that the chinese government does not even have about its own lending, namely that china is bankrolling international infrastructure projects, big thing like bridges and caught are twice the rate of the united states and other major powers. in the majority of that funding has been channelled through chinese state banks. they are often issuing risky high interest loans, $843 billion worth of funding spread across 165 countries. here is a prime example. a 400 kilometre railway stretching from southwest china, across the bor...

BBCNEWS Outside Source September 29, 2021 18:51:00 - Vimarsana News

BBCNEWS Outside Source September 29, 2021 18:51:00

China is spending billions of dollars in secret development spending, twice as much as the us and other major powers combined. american researchers from aid data found that most of the lending is in the form of risky high—interest loans from chinese state banks. the figures are startling, there's been 13,500 infrastructure projects over the last 18 years. combined, the projects are worth more than $843 billion. and the lending is spread far and wide, with projects in 165 countries. and just look at the difference in international loans compared to the us over the last 20 years. while washing...

BBCNEWS BBC News September 29, 2021 02:02:00 - Vimarsana News

BBCNEWS BBC News September 29, 2021 02:02:00

About its own lending. namely that china is bankrolling international infrastructure projects — big things like bridges and ports — at twice the rate of the united states and other major powers, and a majority of that funding is being channelled through chinese state banks. they're often issuing risky high—interest loans. $843 billion worth of funding spread across 165 countries. here's a prime example. a 400—kilometre railway stretching from kunming in south—west china, across the border into neighbouring laos, down to its capital vientiane. it's a complicated project requiring 75 t...

BBCNEWS BBC News September 29, 2021 09:20:00 - Vimarsana News

BBCNEWS BBC News September 29, 2021 09:20:00

Namely, that china is bankrolling international infrastructure projects, big things like bridges and ports, at twice the rate of the united states and other major powers. and the majority of that funding is being channelled through chinese state banks. they are often issuing risky, high interest loans. $843 billion worth of funding spread across 165 countries. here is a prime example. a 400 kilometre railway stretching from south—west china across the border into neighbouring laos down to its capital. it's a complicated project requiring 75 tunnels and 62 bridges and it's costing a lot - $5....

BBCNEWS BBC News September 29, 2021 01:02:00 - Vimarsana News

BBCNEWS BBC News September 29, 2021 01:02:00

Major powers, and a majority of that funding is being channelled through chinese state banks. they're often issuing risky high—interest loans. $843 billion worth of funding spread across 165 countries. here's a prime example. a aoo—kilometre railway stretching from kunming in south—west china, across the border into neighbouring laos, down to its capital vientiane. it's a complicated project requiring 75 tunnels and 62 bridges, and it's costing a lot - $5.9 billion. laos is one of the poorest countries in the region and it's shouldering most of the risk. last year, laos had to sell off a...