Coronavirus chaos could strengthen China's debt hold on struggling nations

Beijing could either take control of other countries’ assets or forgive debt to boost its soft power, experts say, as economic fallout widens

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.

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