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Economy

China faces debt fears ahead of construction forum

Updated : April 25, 2019 06:50 PM IST

Developing nations have welcomed the initiative to increase trade by building ports and other facilities in a region the Asian Development Bank says needs $26 trillion of investment by 2030 to keep economies growing.
But countries including Malaysia and Thailand have canceled or scaled back projects due to high costs, while some others are struggling to repay Chinese loans.
Chinese officials say they are examining borrowers more carefully to ensure they can repay loans.
China faces debt fears ahead of construction forum

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