China ‘rebalances’ overseas lending on debt burden concerns
Financial Times | Tue, Jan 29, 2019
by Lucy Hornby
China is “rebalancing” its overseas lending practices in the face of mounting concerns over the debt burdens of developing countries, the head of the Asian Infrastructure Investment Bank told the Financial Times on Tuesday.
Infrastructure investment in Asia’s largest developing countries fell in 2017 and 2018, amid a deleveraging campaign in China and deepening concern over the fiscal impact of Chinese-backed mega projects on their host countries.