The bailouts allow the countries to extend their loans and remain solvent, said a report.
Almost all the funds went to Belt and Road Initiative countries such as Sri Lanka, Pakistan and Turkey -- mostly low- and middle-income nations that have received Chinese loans for infrastructure development, according to the study.
Beijing says the initiative aims to deepen friendly trade relations with other nations, particularly in the developing world. In comparison to the International Monetary Fund and the vast liquidity support extended by the United States' Federal Reserve, China's bailouts remain small but are growing quickly, the report said.
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