China has spent $240 billion in bailouts as part of its Belt and Road Initiative (BRI) from 2008 to 2021

The BRI is a large-scale infrastructure project aimed at connecting China with the rest of the world through investments in transportation, energy, and telecommunications infrastructure.

The bailout spending has reportedly been used to support struggling BRI projects in countries such as Pakistan, Sri Lanka, and Kenya, among others. This spending has been attributed to China’s efforts to maintain its influence in these countries, as well as to safeguard its strategic investments.

The article notes that China’s bailout spending has faced criticism from some experts, who argue that it is contributing to a debt crisis in many of the countries involved in the BRI. Others have pointed to the lack of transparency surrounding China’s lending practices and the potential for corruption.

Overall, China’s BRI initiative has been the subject of much debate and scrutiny since its inception, with some viewing it as a positive force for economic development and others raising concerns about its potential impact on global politics and the environment.






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