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Belt and Road

$385bn of China's Belt and Road lending kept undisclosed: report

Beijing's loans to Pakistan cost 3.76% interest, while Western peers offer 1.1%

China systematically underreports its debt to the World Bank's Debtor Reporting System by lending money through special purpose vehicles, a study reveals. (Source photos by AP and Reuters) 

KARACHI -- A staggering $385 billion of Chinese debt to other countries has been hidden from the World Bank and IMF thanks to the way the loans are structured, U.S.-based AidData said on Wednesday in its latest version of the Global Chinese Official Finance Dataset. The report also alleges that a major portion of Chinese development financing in Pakistan is composed of expensive loans.

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