BERLIN, May 27 — A lack of transparency in China’s lending poses a threat to developing and emerging countries and could trigger a new debt crisis, German Chancellor Olaf Scholz said today.
“It really is a serious danger that the next big debt crisis in the global South will stem from loans that China has granted around the world and does not quite keep track of itself, because there are so many players involved,” Scholz said at a panel discussion at Germany’s Catholic Day in Stuttgart.
“That would then plunge both China and the global South into a major economic and financial crisis and not leave the rest of the world unaffected — to put it politely.” — Reuters
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ringgit ends slightly higher against greenbackKUALA LUMPUR, May 25 — The ringgit closed slightly higher against the US dollar today despite growing concerns that China&039;s latest policy measure would be ineffective at...
Source: malaymail - 🏆 1. / 86 Read more »
Wall Street rallies as Fed minutes meet expectationsNEW YORK, May 26 ― Wall Street closed higher yesterday, boosted after minutes from the Federal Reserve&039;s latest monetary policy meeting showed policymakers unanimously...
Source: malaymail - 🏆 1. / 86 Read more »
Bloomberg News: Apple to keep iPhone production flat in 2022NEW YORK, May 26 — Apple Inc plans to keep iPhone production for 2022 roughly flat at about 220 million units, Bloomberg News reported today, as China’s Covid-19 curbs, global...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit slips against US dollar at the closeKUALA LUMPUR, May 26 — The ringgit ended slightly weaker against the US dollar today as the greenback strengthened amid continuing debate on whether China’s new stimulus... Muhammad Qasim berusaha menyampaikan pesan mimpinya kepada para pemimpin Muslim tetapi mereka tidak mempercayainya dan tidak lama setelah itu mimpinya mulai menjadi kenyataan. Mimpi Qasim mempunyai banyak peringatan utk masa depan. Maklumat lebih lanjut di
Source: malaymail - 🏆 1. / 86 Read more »