BEIJING -- Chinese overseas loans went sour at a far worse rate in recent years as the COVID-19 pandemic and inflation took a toll on emerging economies involved in Beijing's Belt and Road infrastructure initiative.
Belt and Road
Along China's Belt and Road, lenders' problem debt mounts
Troubled loans grew fourfold during pandemic as borrowers hit hard times
A construction site for the Chinese-backed Nairobi Expressway, seen in 2021. China's Belt and Road Initiative has infrastructure projects from Asia to Africa and Europe. © Reuters
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