The list of countries indebted to China has recently been updated, covering twenty countries. This was reported by Zamin.uz.
Although Pakistan is at the top of the list, it has been found that most of the indebted countries are located on the African continent. This situation clearly demonstrates the significance of China's influence on the global economy and its financial policy.
The "Belt and Road" initiative, announced in 2013, led to an increase in the number of countries indebted to China. Within the scope of this project, nearly fifty countries began to take loans from China.
The "Belt and Road" project was launched with the aim of developing global trade routes and implementing new infrastructure projects. While China's financial assistance is helping many countries achieve economic development, the issue of timely debt repayment requires great responsibility from these countries.
Therefore, monitoring the level of indebtedness and ensuring financial stability is of great importance. This process serves to further strengthen cooperation between China and the indebted countries.
