China’s loans pushing world’s poorest countries to brink of collapse
A case study of how it has played out is in Zambia, a landlocked country of 20 million people in southern Africa that over the past two decades has borrowed billions of dollars from Chinese state-owned bank… See more
Debt and UpheavalChina’s unwillingness to take big losses on the hundreds of billions of dollars it is owed, as the … See more
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- China is one of the world's largest single creditor nations. Its loans to lower and middle-income countries have tripled over the past decade, reaching $170bn (£125bn) by the end of 2020. However, China's overall lending commitments are likely to be significantly greater than these figures suggest.
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