China has significantly expanded its bailout lending as its Belt and Road Initiative blows up following a series of debt write-offs, scandal-ridden projects and allegations of corruption according to a new paper "China as an International Lender of Last Resort" by Sebastian Horn of the World Bank; Brad Parks, a research professor at William & Mary University; Harvard’s Carmen Reinhart; and Christoph Trebesch, a director at the Kiel Institute. The researchers found 128 bailout loans worth $240 billion dollars to 20 countries between 2000 and 2021. The vast majority were extended over the last five years, and almost half happened in 2019-2021. Moreover, the researchers found that People’s Bank of China swap lines are far more meaningful than direct loans.Here is a link to the paper:  https://tinyurl.com/36pp5569Patrick's Books:Statistics For The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvCPatreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle YouTube Channel Support the show