• Taking Credit From China - CEO Daily

    3 monthes ago - By Fortune

    “The West still hasn't understood how profoundly China's rise has changed the international financial system,” professor and economist Christoph Trebesch told Germany's Spiegel in an interview following the release of a new report on China's “hidden debt,” which Trebesch co-authored at the Kiel Institute for the World Economy.
    According to the report, the amount of foreign debt held by China is 50% greater than previously thought, making it the largest official creditor in the world. More than twice the size of the International Monetary Fund and the World Bank combined, says The Economist...
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