
China tries to ease debt trap worries about its 'Belt and Road' program
Despite fears about being weighed down with too much debt, developing nations embraced the infusion of Chinese cash.
The Eurasian Economic Union is an economic union of five post-Soviet nations that aims to promote regional integration. The union is modeled on the E.U.'s single market, with goals of ensuring the free movement of goods, services, capital, and labor among its member nations.
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Despite fears about being weighed down with too much debt, developing nations embraced the infusion of Chinese cash.