Developing countries face “tidal wave of debt repayments” to China: report

China is set to receive a record amount of debt repayment from developing countries this year, a majority of which is owed by the world’s 75 poorest nations. New research by Australian think tank Lowy Institute says with new loans drying up and more loans maturing, China has now switched from being a leading lender for low-income nations to a major debt collector.  Plus, a days-long taxi drivers’ strike continues across France even as their main unions are negotiating with the government.