Video & Multimedia

TexasTowelie

(116,807 posts) Fri Sep 29, 2023, 06:24 PM Sep 2023

China's increased lending: How the World Bank wants to stay relevant - DW News

The global economy is on a precarious footing, the World Bank says. Are we heading towards a global recession? 70 countries are already at risk of debt distress as interest rates are on the rise. What can be done to avoid yet another crisis? DW reporter Marie Sina talked to Anna Bjerde, the World Bank`s Managing Director for Operations at the Berlin Global Dialogue.

2 replies

= new reply since forum marked as read

Highlight:

China's increased lending: How the World Bank wants to stay relevant - DW News (Original Post) TexasTowelie Sep 2023 OP

How long can China continue to underwrite their Global/African strategy? OAITW r.2.0 Sep 2023 #1

China is in a quagmire. TexasTowelie Sep 2023 #2

OAITW r.2.0

(28,392 posts)

1. How long can China continue to underwrite their Global/African strategy?

Reply to TexasTowelie (Original post)

Fri Sep 29, 2023, 06:29 PM

Sep 2023

The RMB is losing ground daily but their commitments are going to cost them more going forward.

TexasTowelie

(116,807 posts)

2. China is in a quagmire.

Reply to OAITW r.2.0 (Reply #1)

Fri Sep 29, 2023, 06:54 PM

Sep 2023

If the CCP backs out of the deals made under BRI, then they will never recover their investments in foreign countries and it will also affect the construction companies and laborers who come from China.

If the CPP continues to back the BRI deals they will be pouring good money after bad. The debts from the foreign countries may pay back their debts; however, the repayments most likely won't occur for a decade or more. That is also conditional on whether the quality of construction by the Chinese laborers remains intact while the loans are being repaid.

Reply to this discussion