Beijing Insists That Multilateral Lenders Must Take Losses and Accept Write Downs

CNN's John Defterios asks why China insists multilateral lenders must take losses and accept write downs. He says Beijing is under a lot of pressure, but it serves its purpose to point fingers in other directions while these issues are being worked out. But beneath that, he says, there are some very important issues that we can talk about. defterios: Lenders like the World Bank and African Development Bank are key part of overall debt picture.