info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)

Countries in Debt to China, as Per Reports

By Garvit Vyas , 25 April, 2023

Recently, China has bailed out some countries because of heavily in debt to China. According to the reports, these countries are mostly located in Africa, Southeast Asia and can also be found in the Central Asia and the Pacific.

As per the data, China held 37 percent of these nations’ debt in 2020. Also, 24 percent of the country’s bilateral debt hails from the rest of the world. The information regarding the “New Silk Road” project finances the construction of the rail, port and land infrastructure worldwide. It has also created much debt to China for participating countries.

The reports shows that, towards the end of 2021, 98 countries for whom the data was available- Kenya $7.4 billion external debt to China; $27.4 billion of external debt to China; Angola with $22.0 billion; Ethiopia with $ 7.4 billion, held the biggest debts to China. And the countries with biggest burdens equally are Djibouti and Angola. Followed by Laos and Maldives. This has opened a debt-laden railway line to China last year as well. David Malpass, president of the World Bank calls the level of debt many countries once as “unsustainable”.

Data says, in 2021, China has officially lent up to $180 billion to low- and middle-income countries from around $40 billion in 2010. Chinese loans have higher interest rates than those from the international institutions like International Monetary Fund or the World Bank or the bilateral loans from the Paris Club countries. These have even shorter repayment windows. Also, the setup is somewhat closer to the commercial loans concerning their conditions of repayment.

Public And Hidden Dept Exposure To China

China.jpg

Latest News

2050.png
Big Tech Backs Nuclear Expansion: Pledges to Triple Global Capacity by 2050

Leading technology giants Amazon, Google, and Meta have teamed up with other big energy users in a historic action at the CERAWeek 2025 energy conference in Houston to promote an ambitious initiative: doubling world nuclear power capacity by 2025…

Read More

Shifts.png
China’s Refining Industry Sees 2.1% Growth in Early 2025 Amid Rising Fuel Demand and Geopolitical Shifts

China's refining sector showed resilience and adaptability in the first months of 2025, raising crude oil throughput by 2.1 percent over the year before. According to the National Bureau of Statistics, this increase resulted in a processing volume of…

Read More

2025.png
Elsevier Unveils ScienceDirect AI in 2025 to Revolutionize Research Efficiency

In March 2025, Elsevier launched ScienceDirect AI, a world-renowned leader in science and health information science. This state-of-the-art generative AI tool can potentially transform the industry with its revolutionary advances in research. This…

Read More

Drop.png
EV Revolution: Battery Prices Drop Below USD 100/kWh Amid China's Dominance of the Market in 2025

The global electric vehicle (EV) industry has reached a pivotal milestone. The average price of lithium-ion battery packs has dropped below the USD 100 per kilowatt-hour (kWh) threshold, a benchmark long considered critical for achieving price parity…

Read More

2025.png
China Accelerates Push for Domestic EV Chips Amid Global Trade Tensions in 2025

In 2025, China will focus on self-sufficiency in high-tech industries by further integrating domestically produced semiconductor chips into the country\'s electric vehicle (EV) industry. By doing so, China aims to reduce reliance on foreign…

Read More

Author Pic
Garvit Vyas

Analyst