china, global debt

CCP Virus: China Under Pressure to Write Off BRI Loans

The Belt and Road Initiative (BRI) is a massive infrastructure project funded by Beijing that aims to solidify China’s leading role in international trade. To this effect, the Chinese government has loaned billions of dollars to participating nations. Since the CCP coronavirus outbreak, many of these countries have been pushed into financial distress, pressuring Beijing ...

Jack Roberts

A BRI project.

The World Is Sinking Into a Debt Crisis

As of early January 2019, the total global debt was nearing US$244 trillion, exceeding 300 percent of world GDP by the third quarter of last year. This has made the International Monetary Fund (IMF) issue warnings to the world governments to control their debt levels and create enough buffers to protect themselves against a future ...

Nspirement Staff

Global debt is increasing.