China's Rescue Lending and Debt Concerns: An Analysis.

China has called US Treasury Secretary Janet Yellen's remarks on Beijing's lending activities "irresponsible" and "unreasonable." Yellen had expressed concern over China's lending to developing countries, leaving them "trapped in debt." China has lent hundreds of billions of dollars to build infrastructure in developing countries, but lending has tailed off since 2016 as many projects have failed to pay the expected financial dividends. China says it has always followed international rules and carried out investment and financing cooperation with developing countries with openness and transparency.