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.
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%