China's increased lending: How the World Bank wants to stay relevant - DW News

[TexasTowelie]

The global economy is on a precarious footing, the World Bank says. Are we heading towards a global recession? 70 countries are already at risk of debt distress as interest rates are on the rise. What can be done to avoid yet another crisis? DW reporter Marie Sina talked to Anna Bjerde, the World Bank`s Managing Director for Operations at the Berlin Global Dialogue.

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1. How long can China continue to underwrite their Global/African strategy?

The RMB is losing ground daily but their commitments are going to cost them more going forward.

[TexasTowelie]

2. China is in a quagmire.

If the CCP backs out of the deals made under BRI, then they will never recover their investments in foreign countries and it will also affect the construction companies and laborers who come from China.

If the CPP continues to back the BRI deals they will be pouring good money after bad. The debts from the foreign countries may pay back their debts; however, the repayments most likely won't occur for a decade or more. That is also conditional on whether the quality of construction by the Chinese laborers remains intact while the loans are being repaid.