For the past decade, China has lent massive sums to governments across Asia, Africa and Europe, growing its global influence through infrastructure megaprojects and becoming one of the world's biggest creditors.
Similar Stories to China Gave Huge Loans To Some Countries. Now It's Spending Billions To Bail Them Out on Bing News
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Tue, 03/28/2023 - 8:32pm
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- China’s global lending lures countries into a debt trap
For example, the World Bank and the International Monetary Fund generally provide loans to developing countries at rates ... and was forced to cut spending on health care, social services and ...
04/23/2024 - 4:31 am | View Link - The Chinese Site That Rewired Online Shopping
Pinduoduo is the sister company of Temu, the bargain shopping app that has amassed tens of millions of users outside China, including in the United States, where it is spending billions of dollars ...
04/21/2024 - 1:00 pm | View Link - Why making computer chips has become a new global arms race
THE incredibly complex, high-stakes business of making semiconductors has always been a battle of corporate giants. Now it’s also a race among governments. These critical bits of technology – also ...
04/20/2024 - 2:59 pm | View Link - Apple pulls WhatsApp, Threads and Signal from app store in China
“We are obligated to follow the laws in the countries where we operate, even when we disagree,” Apple said in a statement. The incident comes as the U.S. government attempts to reduce the use ...
04/19/2024 - 11:00 am | View Link - Huawei just gave Tim Cook a new headache in China
Those chips, made domestically, helped Huawei make huge gains in China by enabling features that rival those seen in iPhones. They're now believed to be in the new Pura 70 devices too, per Reuters ...
04/18/2024 - 9:08 pm | View Link - More
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