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Report: China Lacks Comprehensive Debt Relief Strategy

Source: State Administration of Foreign Exchange (SAFE) of China and authors’ depiction

A new report by the International Institute of Green Finance (IIGF) at the Central University of Economics and Finance in Beijing appears to echo some of the same themes that emerged from Boston University’s Overseas Chinese Lending Database, specifically related to an apparent sharp decline in Chinese lending to countries along the Belt and Road Initiative (BRI).

The paper, written by researchers Yue Mengdi and Christoph Nedopil Wang, concluded that since 2018, “China’s newly-issued loans to the rest of the world have decreased significantly” and confirm that borrowers are finding it increasingly difficult to service existing loans.

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