The biggest debtor is Pakistan followed by Angola. Other African countries with huge debts to China are: Ethiopia, Kenya, Zambia, Egypt, Nigeria, Cote d’Ivoire, Cameroon, South Africa and Congo republic.
It is not clear how much Zimbabwe owes to China. Some reports say it is as high as US$3 billion but Argentina which is at number 20 owes China US$2.9 billion.
China accounts for nearly US$800 billion of the United States debt of over US$30 trillion. It has been gradually reducing its exposure to the United States with the debt falling from nearly US$860 billion at the beginning of 2023.
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This post was last modified on May 1, 2024 3:26 pm
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