Two Chinese nationals were killed, one Chinese national was injured, and several Pakistani nationals were killed and injured in a terrorist attack in Pakistan’s southern port city of Karachi. (Photo: Xinhua) China’s Belt and Road Initiative (BRI), launched in 2013, is central to Xi Jinping’s global ambitions, using infrastructure lending to expand Beijing’s political and economic reach. The BRI has established a presence in more than 100 countries across Asia, Africa, and Latin America, making China the world’s largest bilateral creditor. Research from AidData, the World Bank, and the Harvard Kennedy School shows that more than 80 percent of China’s government loans to developing countries have gone to nations already in or near default. Seventy-five developing countries now face severe debt crises, with record repayments…
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