Covid-19: a watershed moment for China’s BRI?

China faces a delicate task as its restructures debt while striving to preserve the soundness of its banks

Chinese coin

The Covid-19 pandemic’s impact on economic growth is stark. In April 2020, the International Monetary Fund forecast a 3% global contraction this year – the steepest downturn since the great depression of the 1920s. Some countries will be worse off than others, with multilateral institutions particularly concerned about the economic state of low- and lower-middle-income countries.

China’s GDP dropped by 36.6% in the first quarter of 2020, according to the IMF. The plunge in growth came as China

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account