China Continues To Bail Out Emerging Markets, But It Might Not Be Sustainable

According to a report by Markets Insider, Malaysia has become the latest debt-ridden country to have been courted by Chinese lenders offering a potential alternative to International Monetary Fund bailouts that can come with sweeping stipulations. Over the past decade, China has become Venezuela's largest creditor, lending the collapsing country over 62 billion dollars, while last week, President Xi Jinping offered African nations another 60 billion dollars in aid and loans.