Baging now faces its first overseas dect crisis. The infro structure projects that chinese state banks lent to are turning bad in record numbers. China doesn't want the governments of those countries to go bust, and that's why it's providing rescue loans directly to those recipient governments. All this lending is part of china's signature foreign policy programme called the belton road initiative. It brings together many of the riskiest developing countries in the world. And tha the bonds issued by those countries are price in the market at the moment as highly risky. Because most of it is done in secrecy, there aren't environmental impact studies conducted on a project by project basis. This means social issues