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With China's 2014 GDP being US$ 10,356.508 billion, [14] [15] this makes the government debt of China approximately US$ 4.3 trillion. The foreign debt of China, by June 2015, stood at around US$ 1.68 trillion, according to data from the country's State Administration of Foreign Exchange (SAFE) as quoted by the State Council . [ 16 ]
As the world's largest bilateral creditor, China is central to talks on making tangible progress in providing debt relief to Zambia, Chad, Ethiopia and Ghana through the Group of 20-led "Common ...
Deborah Bräutigam identifies nine types of aid from China including "medical teams, training and scholarships, humanitarian aid, youth volunteers, debt relief, budget support, turn-key or ‘complete plant’ projects [infrastructure, factories], aid-in-kind and technical assistance." [19]
In 2009, the Ministry converted its ownership of $200 billion of China Investment Corporation's debt into equity, a result which relieved CIC of interest payments on the special treasury bonds that had initially capitalized it and instead resulted in CIC paying an annual dividend to the Ministry.
In particular, credit is directed through businesses, state-owned enterprises, local governments, and the central government to infrastructure, property, and manufacturing, he wrote in an Aug. 21 ...
China's debt restructuring 'easier' ... This week state-owned banks were reportedly asked by the government to intervene in the currency markets as the yuan fell toward 7.35 per dollar—an issue ...