China

China "Debt Forgiveness" Not Very Forgiving Or Transparent, Says UN Expert

When China's President Xi Jingping announced a $60 billion debt relief package for struggling African nations it sounded so generous. With China’s economy struggling and concerns around the globe regarding the slowing nation’s staying power to help hold up the world economy, how could they afford to simply forgive such significant debt? The answer is that, in China’s case, “forgiveness” comes at an often hefty price, one that isn’t always clear up front, says a United Nations . . .

SORRY!

This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible


Saved Articles
X
TextTExtLInkTextTExtLInk

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required


Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up today and get three months free

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 10/31/2019 or after next 25 20 subscribers take advantage whichever comes first – please do not share this discount with others

 

0