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China differs with IMF on Sri Lanka debt moratorium

Sri Lanka and Pakistan were poster boys of China’s Belt Road Initiative (BRI) over the past decade and used high interest loans from Beijing to create white elephant projects. Both nations are bankrupt today with China not showing the same BRI enthusiasm in reviving their economies with much-needed aid to tide over the growing food and fuel…
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Natixis: Capital Flight Could Exceed $150 Billion in China

Over $150 billion in capital could flee China in 2023, according to an estimate by Natixis, due to pent-up demand caused by the pandemic. Prior to the pandemic, China saw around $150 billion in annual capital flight from people going overseas, according to a «Bloomberg» report citing Natixis APAC chief economist Alicia Garcia Herrero.  And in…
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