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Developing nations face the ‘tidal wave’ of China loan: Report

Representative image (AI-Janit)

The world’s poorest countries faced China in 2025 as China’s payment of China at a record height, an Australian think tank warned on Tuesday in a new report.China’s Belt and Road Initiative Lending Lending Spree has paid the 2010 shipping ports, railways, roads and tropical South Pacific from the deserts of Africa. According to the Lovi Institute in Australia, the new lending is drying up, and now overtaken the debts that developing countries will have to pay back. Researcher relay Duke said, “Developing countries are struggling with a tidal wave of loan repayment and interest costs for China.” “Now, and for the rest of this decade, China will be a more debt collector than bankers for developing world.” The Lovi Institute contained the World Bank data to calculate the repayment obligations of developing countries. It was found that the poorest 75 countries were scheduled to record “high debt repayment” in China in the United US $ 22 billion in 2025. “As a result, China’s net lending position has moved rapidly,” Duke said. “Moving beyond being a pure provider of financing – where it lends more than in repayment – for a pure groove, is now more than debt dismissal with repayment.” The lovi report found that loans were started to endure the expenditure on hospitals, schools and climate change. “Chinese state lending is putting heavy financial stress on developing economies with an increase in a range of international private creditors.” The report also raised questions about whether China could try to overcome these loans for “geopolitical ignorance”, especially after the United States reduced foreign aid. While the Chinese loan was almost falling throughout the board, the report states that there were two areas which seemed to increase this trend. The first was in nations such as Honduras and Solomon Islands, which received large -scale new loans after giving diplomatic recognition from Taiwan to China. The second was in countries such as Indonesia or Brazil, where China has signed new debt deals to secure battery metals or other important minerals.

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