RTR: China spent $240 billion bailing out 'Belt & Road' countries, study shows
REUTERS reports: China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with ...
© Oana Ungureanu
Kenyan president Uhuru Kenyatta has reportedly denied the prospect that China may be able to seize the east African nation’s “prized” port of Mombasa as compensation for unpaid debt linked to belt and road infrastructure projects. The South China Morning Post reports that the alarm caused has “again raised questions” about taking part in China’s massive infrastructure splurge. According to the report, Kenya ranks as the third most indebted African nation to China over the past 19 years, with a reported debt exceeding $9.5bn.
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