How much money does the world owe China? | Counting the Cost

About This Source - Al Jazeera English

The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

Recent from Al Jazeera English:

  • Ivory Coast working to process more of its cocoa harvest
  • Iraq town decries deadly effects of oil production pollution
  • ‘In danger’: UNESCO flags risk to Australia’s Great Barrier Reef
  • China has been rapidly rolling out its Belt and Road Initiative to build new roads, ports and rail lines in mostly developing nations, extending the country’s reach across continents.

    China says the infrastructure will benefit countries while critics say China is extending unfair influence over others.

    Many nations have been rethinking their involvement amid accusations that China has overpriced projects.

    Between 2000 and 2017, the world’s debt obligations to China rose from $500bn to a staggering $5 trillion – about six percent of the world’s economic output – according to the Kiel Institute for the World Economy.

    Researchers also found that China and its subsidiaries have lent $1.5 trillion directly to 150 nations – making China the world’s biggest creditor, overtaking the IMF and World Bank. It has also made unreported loans worth $200bn.

    We talk to Professor Christoph Trebesch from the Kiel Institute, who explains how China’s opaque lending practices make it difficult for investors and international lenders to make accurate investment decisions.

    The man behind a $1 trillion crash
    On May 6, 2010, an unexplained glitch rattled the S&P 500 stock market index, temporarily wiping $1 trillion off its value.

    In 2015, US authorities caught up with the man they blame for triggering the crash: Navinder Sarao, a day trader working out of his parents’ West London home. Unknown to his family, he had amassed a $70m fortune.

    We speak to financial journalist and author Liam Vaughan, who explains how Navinder Sarao’s story may speak to deeper problems affecting high-frequency trading.

    – Subscribe to our channel: http://aje.io/AJSubscribe
    – Follow us on Twitter: https://twitter.com/AJEnglish
    – Find us on Facebook: https://www.facebook.com/aljazeera
    – Check our website: https://www.aljazeera.com/

    In This Story: S&P

    S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. One division of the business, S&P Global Ratings, is considered the largest of the Big Three credit-rating agencies, which also include Moody’s Investors Service and Fitch Ratings.

    2 Recent Items: S&P

  • Bitcoin Falls More Than 50% From Mid April High of Almost $65,000
  • Final Trades: H&R Block, S&P Health Care, General Motors & more
  • 1 thought on “How much money does the world owe China? | Counting the Cost”

    1. What I imagine, china has came out of 3D cage where all of us trapped, it has in 6th dimension unseen by the humans in the cage. China can hop in and out. Being dragon people AKA snake or reptilians change shape. So manipulation unseen.

      Reply

    Leave a Comment