Seoul | China’s Belt and Road Initiative has left scores of lower- and middle-income countries saddled with “hidden debts” totalling $US385 billion ($531 billion).
New research suggests that many countries’ financial liabilities linked to President Xi Jinping’s hallmark foreign policy initiative have been systematically under-reported for years. This has resulted in mounting “hidden debts”, or undisclosed liabilities that governments might be obliged to pay.
