China’s Lending Practices Are Not a Good Look


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President Xi Jinping of China wants his nation to be seen as a responsible world leader, to “contribute China’s wisdom and solutions to the cause of peace and development for all humanity,” as he said on New Year’s Eve. But China is taking a narrow view of its self-interest in negotiations over debt relief to poor countries such as Sri Lanka and Zambia. This is undoubtedly a factor in China’s diminished standing in the world. YouGov Cambridge Globalism polls found that China’s image was worse in 2022 than in 2019 in Egypt, India, Indonesia, Nigeria, South Africa, Thailand and Turkey,...