China's Belt and Road rescue lending surges as high-debt countries turn to Beijing for bailouts
-
China's Belt and Road Initiative rescue lending has surged in recent years, with 60% of China's overseas lending portfolio supporting distressed countries in 2022.
-
Between 2015-2021, China provided emergency liquidity and loans over $1 billion to multiple Belt and Road countries.
-
Countries like Mongolia and Pakistan have high debt-to-GNI ratios owed to China.
-
China's bailout loans typically have less favorable terms than IMF or other loans.
-
China's emergency lending shot up from $11 billion in 2014 to nearly $30 billion in 2015 as it bailed out Argentina.