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China’s loans to developing countries face default risks as falling oil prices hinder poorer countries’ ability to repay their debts

1 week ago
Sky Canaves
ix of the top 10 recipients of development financing from China between 2013 and 2015 face high risks of default, according to an analysis by the Financial Times, while only two of the World Bank's top 10 funding recipients from 2011 to 2015 faced similar risk levels.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.