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A new report published by The Financial Times on December 12 claims to forecast the "unraveling .. [of] China's first overseas debt crisis," alleging that the wheels of the Belt and Road Initiative "have come off." "China's rethink betrays a tacit recognition that its overseas lending bonanza has been ill-conceived," states the report. Having ch

A new report published by The Financial Times on December 12 claims to forecast the "unraveling .. [of] China's first overseas debt crisis," alleging that the wheels of the Belt and Road Initiative "have come off." "China's rethink betrays a tacit recognition that its overseas lending bonanza has been ill-conceived," states the report. Having ch