China is providing more loans to high-income countries
American researchers have found that in recent years China has been allocating more loans to high-income countries than to low-income countries. This was reported by Zamin.uz.
According to the research, the United States has become the country with the largest debt owed to China. A study conducted by the AidData laboratory noted that between 2000 and 2023, China provided loans and grants totaling 2.2 trillion dollars to 200 countries.
During this period, the share of loans allocated to low-income countries decreased from 88 percent to 12 percent, while the share of funds allocated to middle- and high-income countries increased from 24 percent to 76 percent. For example, the United Kingdom received 60 billion dollars in loans from China, and the European Union received 161 billion dollars.
According to experts, this situation is taking China's global financial influence to a new level. This process indicates that China's role in international economic relations is steadily increasing.
