China - Belt and Road initiative Flashcards
1
Q
Details
A
China is attempting to gain global power in return for high-risk loans - political leverage over governments who default on their loans.
2
Q
Pacific nations
A
The IMF warned that China’s loans to Pacific nations could cause a new debt crisis - after Beijing committed $6 billion in projects since 2011.
3
Q
African nations
A
Large capital outflows from China in recent years - lending African country for energy power projects - $7 billion.
