Hidden Chinese Lending Puts Emerging-Market Economies at Risk

Hidden Chinese Lending Puts Emerging-Market Economies at Risk


A hidden pile of debt threatens dozens of emerging-market countries as the global economy stalls and commodity prices tumble.

An estimated $200 billion of emerging-market debt owed to China has gone unreported in official statistics in recent years. The money is upending assumptions made by yield-hungry investors who have poured roughly $2 trillion into risky emerging markets over the last decade.

Even…



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