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Beijing could either take control of other countries’ assets or forgive debt to boost its soft power, experts say, as economic fallout widens
Cruise industry faces huge challenge in post-virus world
As the coronavirus pandemic causes global economic devastation, China could take control of debt-struck nations’ assets at an accelerated rate, or it could boost its soft diplomacy by forgiving debt.
The choice has been laid out by the authors of a Harvard report on a Chinese tactic dubbed “debtbook diplomacy”, and comes amid calls for G20 nations to endorse a year-long debt moratorium for the poorest countries. Continue reading...