The Benguela Railway in Angola was built by China, but Angola owes almost 5 per cent of its national income to China to service its wider debts. Photo: Xinhua
The Benguela Railway in Angola was built by China, but Angola owes almost 5 per cent of its national income to China to service its wider debts. Photo: Xinhua

Poorest nations to pay China US$14 billion to service debts in 2022: report

  • China is the largest single creditor to developing countries after the World Bank, according to research by Fudan University
  • With payments to Chinese creditors exceeding 2 per cent of gross income in eight nations in 2022, the report urges Beijing to do more to support restructuring

The Benguela Railway in Angola was built by China, but Angola owes almost 5 per cent of its national income to China to service its wider debts. Photo: Xinhua
The Benguela Railway in Angola was built by China, but Angola owes almost 5 per cent of its national income to China to service its wider debts. Photo: Xinhua
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