Beijing [China], February 24 (ANI): China which emerged as the developing world’s bank of choice is now transitioning from a generous investor to a tough enforcer as its borrowers fail to pay up, reported Foreign Policy (FP).
China poured hundreds of billions of dollars in loans into global infrastructure projects as part of its sprawling Belt and Road Initiative (BRI).
However, China is now jeopardizing the very goodwill
As ‘Chequebook Diplomacy’ fails, China turns from generous investor to tough enforcer
