China's Bilateral Approach to Debt Bailouts

China has provided a significant amount of funding for debt bailouts to its loan recipient countries. China is most comfortable in its international developments when it's proceeding on a track that is distinct or autonomous from other lenders and aid providers. The problem now is that the scale of both China's lending and the debt crisis itself has reached a point that it's really no longer feasible for Beijing to proceed without reference to all the other lenders in the world.