Month: November 2020

China says has given debt relief of $2bn to developing countries

SOURCE : REUTERS The poorest countries’ official bilateral debt to G20 countries reached $178bn in 2019, with 63 percent owed to China. China has extended debt relief to developing countries worth a combined $2.1bn under the G20 framework, the highest among the group’s members in terms of the amount deferred, the country’s finance minister Liu …

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China borrows at negative interest rates for the first time

Source: CNN Business   China is cashing in on fears that the West’s faltering economic recovery will keep interest rates near record lows for a long time. The Chinese government issued debt at a negative interest rate for the first time on Wednesday in a bond sale that attracted significant investor interest, according to Deutsche …

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