How China Became A Global Lender Of Last Resort

The U.S. and International Monetary Funding have for decades been the globe’s lenders of last resort, stepping in to provide emergency loans to countries in financial distress. But a new study published Tuesday shows how China has emerged as a new global heavyweight. China provided 128 rescue loans in 22 countries from 2008 to 2021, according to researchers from the U.S.-based research lab AidData, the World Bank, Harvard Kennedy School, and the Kiel Institute for the World Economy.

  • Charting the global economy: Business activity slows in China
    The latest data shows on manufacturing and services activities show that the Chinese economic recovery is in danger of sputtering.
    06/3/2023 - 5:05 pm | View Link
  • Global inflows help Indian stocks become EM Asia’s top gainers
    Foreign investors have increased inflows into Indian stocks to a nine-month high in May. They purchased a net $5bn of the countrys shares last month, the most since August, according to. The purchases ...
    06/3/2023 - 4:52 am | View Link
  • World Bank's new chief asks staff to 'double down' on development, climate efforts
    The World Bank's new president Ajay Banga on Friday asked the lender's 16,000 staff to "double down" on development and climate efforts as he seeks to accelerate the bank's evolution to tackle the ...
    06/2/2023 - 7:34 am | View Link
  • Brics summit mulls expansion and new currency in bid to rival dollar and escape sanctions
    Brics summit mulls expansion and new currency in bid to rival dollar and escape sanctions - Bloc of developing countries calls for new ‘multipolar’ world order and a shift from Western balance of powe ...
    06/2/2023 - 5:27 am | View Link
  • Ajay Banga faces great expectations as he takes helm of World Bank
    The Indian-born former Mastercard executive has a fanbase across the financial world who are convinced he can deftly reform the World Bank for the modern era. But it's a time of polycrisis and ...
    06/1/2023 - 9:21 pm | View Link
  • More


Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News