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How China uses secret loans for geopolitical power

China, like all other rich countries, lends billions of dollars to needy governments. A major new study from Georgetown University's Anna Gelpern and others shows that China's debt contracts are particularly unfriendly to debtor nations — and to the international community as a whole.

Why it matters: China is using debt contracts to place it at a geopolitical advantage not only to its debtors, but also to all other rich nations.

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