U.S. Raises New Concerns Over Chinese Lending Practices

Published On Oct 1, 2024, 5:03 AM

The US government is raising concerns about China's emergency loans to debt-stricken countries, which are often not transparent, potentially worsening the borrowing nations' fiscal issues. A senior Treasury official plans to address these concerns publicly, urging the IMF to demand clearer lending terms from China. China has provided over $200 billion in such loans, which generally come with high-interest rates and may not fully appear in the borrowing countries' debt reports, complicating how investors assess their financial health.