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China’s external lending increased massively over the last two decades Over 25% of the world’s bilateral external debt was owed to China by the end of 2023, making the country the leading debt collector. Two decades ago, the country rarely lent money; Japan lent the highest amount, followed by Germany, France, the United States and…
China’s Xi Jinping pledged to step up China’s support across the debt-distressed African continent Beijing: Chinese President Xi Jinping today pledged to step up China’s support across the debt-distressed African continent with funding of nearly $51 billion, backing for more infrastructure initiatives and a promise to create at least 1 million jobs. The commitments were…
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