Developing World Struggles to Repay Over $1 Trillion in Chinese Loans as Beijing Shifts Focus to Emergency Bailouts
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Developing countries owe at least $1.1 trillion in loans to Chinese lenders, with over half of China's overseas lending portfolio now in repayment periods.
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Nearly 80% of China's lending to the developing world is supporting countries facing financial distress, a major shift from past years.
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China's funding for big infrastructure projects has declined sharply, while emergency rescue loans now make up 58% of lending.
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China has become the world's largest official debt collector, facing repayment struggles from 57 financially distressed borrower countries.
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China is increasingly acting as an "international crisis manager" by bailing out major Belt and Road borrowers where Chinese banks have significant exposure.