China Urged to Curb Risky Lending to Vulnerable Pacific Nations

(Bloomberg) -- China should put the brakes on its lending in the South Pacific to avoid lumping economically vulnerable nations with unsustainable debt, according to a report released by an Australian think tank.“The sheer scale of China’s lending and its lack of strong institutional mechanisms to protect the debt sustainability of borrowing countries poses clear risks,” the Lowy Institute said in a report released Monday. “China cannot remain a major lender in the Pacifi