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