Belt and Road debt mounts

BEIJING -- Chinese overseas loans went sour at a far worse rate in recent years as the COVID-19 pandemic and inflation took a toll on emerging economies involved in Beijing's Belt and Road infrastructure initiative.   A total of $76.8 billion in debt was renegotiated from 2020 to 2022, a figure more than four times the $17 billion in problem debt for the preceding three years.   Read the full story here.	View in browser
	Try 1 year for $60
	Asia Daily Briefing - Midday Update June 1, 2023

	Along China's Belt and Road, lenders' problem debt mounts BEIJING -- Chinese overseas loans went sour at a far worse rate in recent years as the COVID-19 pandemic and inflation took a toll on emerging economies involved in Beijing's Belt and Road infrastructure initiative.   A total of $76.8 billion in debt was renegotiated from 2020 to 2022, a figure more than four times the $17 billion in problem debt for the preceding three years.   Read the full story here.
	Selected for you India GDP beats forecasts with 6.1% jump in March quarter Economy grew 7.2% for year as infrastructure drive fuels optimism Read more Children in Vietnam, Philippines face high climate risks: report UNICEF urges countries to develop infrastructure to minimize impact Read more Singapore central bank taps Google AI to groom tech talent MAS partners with U.S. giant in exploring emerging tech after forays into blockchain Read more India to tighten scrutiny of offshore funds after Adani probe Regulator SEBI aims to shed light on conglomerates' opaque shareholding structures Read more Indo-Pacific is most 'consequential' region for 21st century: Austin U.S. defense chief renews push to resume 'absolutely critical' China talks Read more Xi warns of national security 'storms' with eye on U.S. tensions Chinese leader issues grim assessment as new counterespionage law looms Read more North Korea goes back to drawing board after failed rocket launch Latest setback unlikely to deter Pyongyang's plans for military clout Read more
	Discover the all new Nikkei Asia app
	You received this email because you registered to the Nikkei Asia newsletters. Manage preferences or Unsubscribe.
	Please do not reply to this email. If you have any questions, visit our FAQs or contact us at https://info.asia.nikkei.com/customer-support 1-3-7, Otemachi, Chiyoda-ku, Tokyo, 100-8066, Japan Nikkei Inc. No reproduction without permission.