Author

Ruichen Hong

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Ruichen Hong is a research assistant at the International Institute of Green Finance (IIGF). He received a Master of Accounting from the University of Glasgow,  UK, and is in the process of receiving the certification by the Association of Chartered Certified Accountants (ACCA) . He is a main author of the China Climate Financing Report and Establishing China’s Green Financial System: His research areas are climate finance, carbon finance, environment accounting and carbon accounting.

Executive Summary Download the report here China is a major lender for countries of the Belt and Road Initiative (BRI). Accelerated by the Covid-19 pandemic, many of these countries have seen their sovereign debt become unsustainable. Based on the analysis of debt in 52 Selected BRI countries from 2014 to…