Thursday, August 22, 2024

China's foreign lending slowed to a trickle

Bad news!

"The China Hangover Is Here China’s slowing economic growth is dragging down overly dependent nations ... Beginning in 2008, China’s booming economy lent over $1 trillion abroad. With its growth slowing, China is reducing foreign lending and pressuring many developing nations to repay loans–causing severe debt distress."

No comments: