内容摘要：In the process, existing roads have been widened while homes, private gardens and adjacent properties have been demolished to allow for the rapid deployment of Israeli military vehicles.

In the process, existing roads have been widened while homes, private gardens and adjacent properties have been demolished to allow for the rapid deployment of Israeli military vehicles.

“For the rest of this decade, China will be more debt collector than banker to the developing world,” said Riley Duke, the report’s author.“Developing countries are grappling with a tidal wave of debt repayments and interest costs to China,” Duke said.

What did the report say?China’s BRI, the biggest multilateral development programme ever undertaken by a single country, is one of President Xi Jinping’s hallmark foreign policy initiatives.It focuses primarily on developing country infrastructure projects like power plants, roads and ports, which struggle to receive financial backing from Western financial institutions.

The BRI has turned China into the largest global supplier of bilateral loans, peaking at about $50bn in 2016 – more than all Western creditors combined.According to the Lowy report, however, paying off these debts is now jeopardising public spending.

“Pressure from Chinese state lending, along with surging repayments to a range of international private creditors, is putting enormous financial strain on developing economies.”

High debt servicing costs can suffocate spending on public services like education and healthcare, and limit their ability to respond to economic and climate shocks.One Big Beautiful Bill

. Within this bill is a proposal to raise taxes on elite universities.The proposal is tiered, and aims to levy a tax of:

These percentages apply to universities that had at least 500 tuition-paying students in the previous taxable year and where 50 percent of their full-time tuition paying students are in the US. Universities identified as “qualified religious institutions” are exempt from this tax.The proposal was drafted by Republican legislators in the Ways and Means Committee, the oldest tax-writing body in the House.