Poor Countries Borrowed Billions From China. They Can't Pay It Back.
Nations want Beijing to forgive or renegotiate loans as they economies suffer. Doing so would be costly. Saying no could hurt China's global image...
Similar requests have come flooding in to Beijing from Kyrgyzstan, SriLanka and a number of African nations, asking to restructure, delay repayments or forgive tens of billions of dollars of loans coming due this year.
With each request, China's drive to become the developing world's biggest banker is backfiring.
I'm not sure of if "drive" means motivation and energy or an organized effort.
anonymous I'm not sure of if "drive" means motivation and energy or an organized effort. It is the execution of an energetic, motivated, deliberate plan.
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anonymousI'm not sure of if "drive" means motivation and energy or an organized effort.
It is the execution of an energetic, motivated, deliberate plan.