“China is changing from the banker of the world developing in debt collector” – writes Reuters, citing conclusions from the analysis of the Lowów Institute. The Australian Think Tank indicates that the poorest countries in the world are to make record payments of debt towards China in 2025 for loans granted a decade earlier.
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Reuters reminds that as part of the initiative initiated by the Chinese President XI Jinping in 2013, Beijing borrowed billions of dollars for the construction of infrastructure connecting Asia, Europe and Africaalso trying to build trade and influence.
From $ 35 billion debt repayments to be made to China by countries developing in 2025, The amount of $ 22 billion is to be repaid by the 75 poorest and most sensitive countries in the world. According to experts, Think Tanku threatens expenses for health and education.
According to the report, in 54 developing countries of debt repayment against China will exceed the total payments due to the Paris Club of Western double -sided lenders.
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“As Beijing goes to the role of a debt collector, Western governments remain concentrated internally, help decreases, and multilateral support is weakening,” we read in a report that warns against the risk of regression and instability in the world.
The Chinese economy plays a key role in the global economic system. As the second largest world economy, China is the main producer and exporter of goods, from electronics to textiles. Thanks to the huge internal market and rapid technological development, this country has also become an important consumer of raw materials, energy and luxury goods. China is a central link in global supply chains, which makes them an indispensable partner for many world companies.
