President Xi

President Xi

Infrastructure
Hambantota Port, Sri Lanka

Caught in a debt trap

China’s Belt and Road Initiative promises to boost development in poorer nations. But the spread of SARS-CoV-2 means many countries may now struggle to pay back the loans they have accepted from Beijing
Markets
China historically pursued a credit-fuelled economic strategy. But its fiscal policy has continued to tighten in recent years and new appointments seem to confirm the focus on sustainability

China’s new economic appointments signal continued debt clampdown

The appointments of Yi Gang as the new governor of the People’s Bank of China and Liu He as vice-premier indicate that Beijing will continue to pursue a more sustainable economic model
Digital Editions
Digital Editions
Top 5
Banking Awards
Dubai Sustainable Future
World Finance 100
Latest Issue
Latest Issue

The Winter 2023-24 Issue
Most popular
  1. Top 5 hostile takeovers of all time
  2. Top 5 fastest-growing economies
  3. Nike vs Adidas: a league of their own
  4. Top 5 of the fastest-growing industries in the world
  5. Does IKEA truly deserve its non-profit status?
  6. Guaranty Trust Bank is harnessing technology to drive inclusivity
  7. AmInvest aims to break global boundaries in Malaysia
  8. Top 5 regulatory concerns currently facing financial institutions
  9. Top 5 countries with the largest fiscal deficits
  10. Top 10 of the greatest leaders from ancient history
read more top stories