CHINA: Beijing may resist G20’s Common Framework for debt reduction

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Beijing is resisting pressure from the G20 to adopt a Common Framework on debt relief that covers non-official, commercial loans to low-income countries. The Finance Ministry refuses to classify China Development Bank (CDB) as an official bilateral creditor subject to the Debt Service Suspension Initiative (DSSI). Chinese authorities are willing to engage in debt relief but prefer to maintain maximum flexibility in bilateral negotiations with debtor countries. The Chinese government is resisting demands by the G20 for a Common Framework on debt relief that would constrain China's larg
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