165 Countries Owe China $385 Billion In Hidden Debt
Photo taken in December 2020 shows the construction site at the Luang Prabang station in Laos, part of the BRI China-Laos railway project. Photograph: Xinhua
CNBC: Chinese loans leave developing countries with $385 billion in hidden debts, study says
* AidData, an international development research lab based at Virginia’s College of William & Mary, analyzed 13,427 Chinese development projects worth a combined $843 billion across 165 countries, over an 18-year period to the end of 2017.
* Researchers found that these nations’ debt obligations to China are larger than international research institutions, credit ratings agencies or intergovernmental organizations estimate.
China’s Belt and Road Initiative has caused dozens of lower- and middle-income countries to accumulate $385 billion in “hidden debts” to Beijing, a new study has claimed.
AidData, an international development research lab based at Virginia’s College of William & Mary, analyzed 13,427 Chinese development projects worth a combined $843 billion across 165 countries, over an 18-year period to the end of 2017.
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More News On 165 Countries Owing China $385 Billion In Hidden Debt
China owed $385bn – including ‘hidden debt’ from poorer nations, says report -- The Guardian
China owed US$385B in loans from 165 countries, including 'hidden debt' from poor nations: report -- National Post
US State Dept-Backed Study Claims BRI Partners Have $385 Billion in Unreported Debt to Chinese Banks -- Sputnik
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