The List of Top 20 Countries in Debt to China
As China asserts its position as a global economic leader, its financial relationships with numerous countries have come under scrutiny. Many nations across different continents have accrued substantial debts to China, mainly through loans for large-scale infrastructure projects. This blog delves into the debt dynamics of the top 20 countries indebted to China, highlighting the amounts involved and the implications of these financial ties. 1. Pakistan - $26.6 Billion Leading the list, Pakistan's considerable debt is largely due to the China-Pakistan Economic Corridor (CPEC) projects. These initiatives include critical infrastructure developments which, while boosting economic growth, have significantly increased the country's debt burden, raising concerns about future repayment and economic independence. 2. Angola - $21.0 Billion Angola's hefty debt stems from Chinese loans used primarily for rebuilding infrastructure and supporting its vital oil sector post-civil war. The ...
