Lending by the China-led Asian Infrastructure Investment Bank will not create a “debt trap” for its borrowers, the bank’s president said, rejecting concerns that Beijing could use similar institutions to advance its geopolitical agenda.Asian Infrastructure Investment Bank (AIIB) president Jin Liqun told the Asian Financial Forum in Hong Kong this week that the bank’s efforts to support infrastructure investment in Asia are made with the best of intentions.“A debt trap will not emerge in the…
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China-backed Asian Infrastructure Investment Bank won’t create ‘debt trap’ for borrowers, chief says
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