In order to refute the faulty statement that China has led the countries along "the Belt and Road" (CBR) into "debt trap", the debt data for the 24 CBR are collected. It is found that measured by the ratios of the debt of the CBR to China to their GDP, the average annual debt burden of CBR is so much low. And empirically, there exists positive correlations between loans from China and CBR's economic growth, which demonstrates that loans from China to the CBR has promoted their economic growth. At the same time, the debt structure of the CBR shows that although the ratios of the debt of the CBR to China in their total foreign debt is increasing, so far, such debt structures are also driving their economic growth. And such feature is more obvious in the countries with high sovereign credit risk. These conclusions will help China put forward the CBR further to abstract more countries joining to the "Dual Circulation" Strategy.
Du Xiaorong
,
Zhou Jing
. Promotion Effects of China's Loans on Economic Development of Countries along the Belt and Road—An Empirical Analysis Based on 24 Countries Along the Belt and Road[J]. Finance & Economics of Xinjiang, 2021
, 0(2)
: 59
-70
.
DOI: 10.16716/j.cnki.65-1030/f.2021.02.006
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