After rising to become the world’s top bilateral creditor, China is facing a new challenge: a looming global debt crisis. Many of China’s most frequent borrowers now find themselves unable to repay their debts. China has already shown itself as a willing partner in debt renegotiations. It has joined the G-20 Debt Service Suspension Initiative (DSSI) to ease this burden among 73 lower-income borrowers by allowing them to temporarily suspend their debt payments to participating bilateral le