China has dramatically curtailed its lending in recent years. Now, it's emerging as the largest debt collector for many of the world's poorest nations — a shift that threatens to undermine poverty ...
For two decades, China’s strategy in Africa was straightforward: shower the continent with opaque and corrupt loans to build roads, ports, and power plants, securing influence and natural resources ...
Many of the world’s poorest countries are due to make record debt repayments to China in 2025 on loans extended a decade ago, at the peak of Beijing’s Belt and Road Initiative, a report by the ...
China was the leading financier for developing nations throughout the 2010s, channeling over $1 trillion into infrastructure projects under President Xi Jinping's Belt and Road Initiative (BRI). Yet ...
"For the rest of this decade, China will be more debt collector than banker to the developing world," said Riley Duke, the report's author. In 54 developing countries, debt payments to China will ...
Bloomberg recently reported that Beijing is preparing to mobilize over 1 trillion yuan in loans from state-owned and policy banks to help local governments clear overdue payments to private ...
This article was written by Yvonne Mhango, Economist at Bloomberg. China will be able to set the agenda at a summit with Africa this week, and not just because Beijing is hosting. African countries ...