{"id":6108,"date":"2024-03-30T21:34:39","date_gmt":"2024-03-30T21:34:39","guid":{"rendered":"https:\/\/geopoliticalcompass.com\/?p=6108"},"modified":"2024-03-30T21:35:47","modified_gmt":"2024-03-30T21:35:47","slug":"how-china-lends-a-rare-look-into-100-debt-contracts-with-foreign-governments","status":"publish","type":"post","link":"https:\/\/geopoliticalcompass.com\/?p=6108","title":{"rendered":"How China Lends: A Rare Look into 100 Debt Contracts with Foreign Governments"},"content":{"rendered":"\t\t
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Authors: <\/b>Anna Gelpern<\/span><\/a>, <\/span>Sebastian Horn<\/span><\/a>, <\/span>Scott Morris<\/span><\/a>, <\/span>Brad Parks<\/span><\/a>, <\/span>Christoph Trebesch<\/span><\/a><\/p>

Affiliation: <\/b>Georgetown Law and Peterson Institute for International Economics; Kiel Institute for the World Economy; Center for Global Development; AidData and Center for Global Development; Kiel Institute\u00a0\u00a0<\/span><\/p>

Organization\/Publisher: <\/b>AidDATA<\/span><\/a> (William & Mary)<\/span><\/p>

Date\/Place: <\/b>March 31, 2021\/Williamsburg, USA<\/span><\/p>

Type of Literature: <\/b>Report<\/span><\/p>

Number of Pages: <\/b>85<\/span><\/p>

Link: <\/b>https:\/\/www.aiddata.org\/publications\/how-china-lends<\/span><\/a><\/p>

Keywords: <\/b>China, BRI, CPEC, Loan, Debt-Trap Diplomacy<\/span><\/i><\/p>

Brief:<\/b><\/p>

\u201cBecause all the wrongs that happen in the world are done by the Chinese\u201d is a common sarcastic phrase Chinese use when asked about the barrage of allegations made by Western capitals against Beijing. The Belt and Road Initiative (BRI) by China is one mammoth trillion-dollar multi-national project that has invited most of the opposition to China. While one must not side-step the systematic erosion of human and civil rights of the ethnic Uyghurs in East Turkistan, known as Xinjiang in western China, criticism of Beijing is more ideological than substantive. Joe Biden, the ageing US president, insisted in his first formal interaction with media that he will not allow the rise of China during his term, which ends no less than 2024. Whether that happens or not remains to be seem. Although this report may not aim to take down China\u2019s global infrastructure building, it certainly raises many questions. It is a study of at least 100 projects that China has signed with public and private companies in 24 countries.The study claims the contracts signed \u201care in tension with narratives of South-South cooperation\u201d and \u201cbelie the claim\u201d that Chinese lenders are \u201cpurely commercial lenders.\u201d The authors acknowledge that transparency problems abound in the world of sovereign debt and \u201care not limited to China.\u201d The report adds that almost no official OECD and non-OECD lenders publicly release the text of their loan contracts. According to official records and the boost in the BRI investments, China stands at the top in lending loans in foreign lands. However, the study finds the contracts are opaque, the agreements lack details, and seek to get preference over other lenders. This research \u2013 claimed to be the first systematic analysis — categorically belies the claims of Beijing that it does not influence the domestic and foreign affairs of its borrower countries. \u201cCancellation, acceleration, and stabilization clauses in Chinese contracts potentially allow the lenders to influence debtors\u2019 domestic and foreign policies,\u201d the study says.<\/span><\/p>

\u00a0<\/p>

By: Riyaz ul Khaliq, CIGA Non-resident Research Associate<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Authors: Anna Gelpern, Sebastian Horn, Scott Morris, Brad Parks, Christoph Trebesch Affiliation: Georgetown Law and Peterson Institute for International Economics; Kiel Institute for the World Economy; Center for Global Development; AidData and Center for Global Development; Kiel Institute\u00a0\u00a0 Organization\/Publisher: AidDATA (William & Mary) Date\/Place: March 31, 2021\/Williamsburg, USA Type of Literature: Report Number of Pages: […]<\/p>\n","protected":false},"author":23,"featured_media":6109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-6108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia"],"blocksy_meta":[],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/How-China-Lends-scaled.jpg",2560,1423,false],"thumbnail":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/How-China-Lends-150x150.jpg",150,150,true],"medium":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/How-China-Lends-300x167.jpg",300,167,true],"medium_large":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/How-China-Lends-768x427.jpg",768,427,true],"large":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/How-China-Lends-1024x569.jpg",1024,569,true],"1536x1536":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/How-China-Lends-1536x854.jpg",1536,854,true],"2048x2048":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/How-China-Lends-2048x1139.jpg",2048,1139,true]},"author_info":{"info":["CIGA Staff"]},"category_info":"East Asia<\/a>","tag_info":"East Asia","comment_count":"0","rttpg_featured_image_url":{"full":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/How-China-Lends-scaled.jpg",2560,1423,false],"landscape":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/How-China-Lends-scaled.jpg",2560,1423,false],"portraits":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/How-China-Lends-scaled.jpg",2560,1423,false],"thumbnail":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/How-China-Lends-150x150.jpg",150,150,true],"medium":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/How-China-Lends-300x167.jpg",300,167,true],"large":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/How-China-Lends-1024x569.jpg",1024,569,true],"1536x1536":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/How-China-Lends-1536x854.jpg",1536,854,true],"2048x2048":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/How-China-Lends-2048x1139.jpg",2048,1139,true]},"rttpg_author":{"display_name":"CIGA Staff","author_link":"https:\/\/geopoliticalcompass.com\/?author=23"},"rttpg_comment":0,"rttpg_category":"East Asia<\/a>","rttpg_excerpt":"Authors: Anna Gelpern, Sebastian Horn, Scott Morris, Brad Parks, Christoph Trebesch Affiliation: Georgetown Law and Peterson Institute for International Economics; Kiel Institute for the World Economy; Center for Global Development; AidData and Center for Global Development; Kiel Institute\u00a0\u00a0 Organization\/Publisher: AidDATA (William & Mary) Date\/Place: March 31, 2021\/Williamsburg, USA Type of Literature: Report Number of Pages:…","_links":{"self":[{"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=\/wp\/v2\/posts\/6108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6108"}],"version-history":[{"count":0,"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=\/wp\/v2\/posts\/6108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=\/wp\/v2\/media\/6109"}],"wp:attachment":[{"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/geopoliticalcompass.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}