Is China a Creditor for the Emerging Market Countries?

The Chinese today are, of course, the largest creditor for emerging market countries around the world. They're also very internally focused right now because of the zero COVID and low growth and the rest. I think China is understanding that they need to be more transparent in relation to debt relief. And that is absolutely essential. But let's be clear. The way the international financial system was designed, it was essentially by the West. If one looks at the distribution of special drawing rights, special drawing rights is the way to print money without any cost to any, to any tax payer anywhere in the world. That redistribution has not yet taken place.

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