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.
(386 VIEWS)
This post was last modified on May 1, 2024 3:26 pm
At least four million people in Zimbabwe reported that they had gone without food on…
Four of the world’s largest banks are all in China. Assets of the Industrial and…
Zimbabwe is one of the 27 countries in the world where the richest 0.1% of…
Zimbabwe has been ranked third among the least free countries in Southern Africa but it…
I had always considered it a curse for a wife to die before her husband.…
This is a true story about the challenges and loneliness I faced when my wife…
