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Beijing Retools BRI as Europe Draws Closer

Beijing is currently holding a forum for its Belt and Road Initiative (BRI), which has been beset with concerns over the potential use of debt traps, political and military influence, and the risk of cyber-espionage. Earlier this month, the Center for a New American Security released a report...

How High is China’s Official Debt?

With the news that China’s State Council ordered a national audit of all government debt, The Wall Street Journal’s Richard Silk collated research estimates about where the official figure is today: China has one big...

Cabinet Orders Audit of Government Debt

China’s State Council has ordered an audit of all government debt, according to Reuters, a sign that policymakers are concerned with rising debt at the provincial and municipal level amid a slowdown in economic growth: The...

Amid Slowdown, Bad Debt Mounts in Jiangsu

Koh Gui Qing of Reuters writes of the “nightmare scenario” unfolding in provinces such as Jiangsu, home to China’s most indebted local government: Little public information is available on the total debt of...

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