Belt and Road Initiative

New Study Shines a Light on Beijing’s Secretive International Lending Program

An unprecedented cache of documents shows that Chinese loan contracts have unusual secrecy provisions, collateral requirements, and debt renegotiation restrictions.

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Road from Wulumuqi to Turpan, Silk road, One Belt One Road (OBOR), China

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Experts at the Kiel Institute combine scientific research with policy advice on a broad range of global economic issues.


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In eight research centers and other cross-cutting initiatives, our scientists investigate the drivers and effects of international economic activity.

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