Djibouti is one of the most heavily indebted nations to China, as a portion of its economy’s size. Photo: AFP
China’s loans to rest of the world worth US$5 trillion, 6 per cent of global economy, new study reveals
- The world’s debt to China grew tenfold between 2000 and 2017, from US$500 billion to US$5 trillion, with 80 per cent of emerging nations receiving Chinese funds
- Kiel Institute estimates that 50 per cent of Chinese overseas funding is outside data captured by World Bank and IMF, raising concerns over transparency
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China economy
Djibouti is one of the most heavily indebted nations to China, as a portion of its economy’s size. Photo: AFP
The conflict between the US and China is likely to cast a shadow over the global economy for some time to come. Photo: EPA-EFE
US-China trade unpredictability likely to weigh on global economy
- Given large gaps between US and Chinese positions, deal ending trade war may not be possible before the end of the year, analysts say
- Uncertainty is causing businesses to postpone decisions, hurting investment and consumption
Topic |
China economy
The conflict between the US and China is likely to cast a shadow over the global economy for some time to come. Photo: EPA-EFE