Behind China's Silk Road vision: cheap funds, heavy debt, growing risk

Behind China's Silk Road vision: cheap funds, heavy debt, growing riskBy Shu Zhang and Matthew Miller BEIJING (Reuters) – Behind China’s trillion-dollar effort to build a modern Silk Road is a lending program of unprecedented breadth, one that will help build ports, roads and rail links, but could also leave some banks and many countries with quite a hangover. At the heart of that splurge are China’s two policy lenders, China Development Bank (CDB) and Export-Import Bank of China (EXIM), which have between them already provided $ 200 billion in loans throughout Asia, the Middle East and even Africa.



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