Covid-19: a watershed moment for China’s BRI?
China faces a delicate task as its restructures debt while striving to preserve the soundness of its banks
The Covid-19 pandemic’s impact on economic growth is stark. In April 2020, the International Monetary Fund forecast a 3% global contraction this year – the steepest downturn since the great depression of the 1920s. Some countries will be worse off than others, with multilateral institutions particularly concerned about the economic state of low- and lower-middle-income countries.
China’s GDP dropped by 36.6% in the first quarter of 2020, according to the IMF. The plunge in growth came as China
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