China is owed more than US$1 trillion in Belt and Road debt, says report


Beijing says upwards of 150 countries, stretching from Uruguay to Sri Lanka, have signed up to the BRI. - PHOTO: Reuters

BEIJING (AFP): China is owed more than a trillion dollars through its Belt and Road project, making it the biggest debt collector in the world, a report said this week, with an estimated 80 percent of the loans supporting countries in financial distress.

Beijing says upwards of 150 countries stretching from Uruguay to Sri Lanka have signed up to the BRI, a vast global infrastructure push unveiled by President Xi Jinping a decade ago.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
China , Belt and Road , Many Owing Money

Next In Aseanplus News

WHO chief warns progress against famine remains 'extremely fragile' in Gaza and other troubled countries
Badminton: Frenchman Popov makes history at World Tour Finals as South Korea's An stays excellent
Laos capital, Vientiane, plans flood prevention measures ahead of the 2026 rainy season
Man arrested under anti-terrorism laws after suspicious item found in St Joseph’s Church in Singapore's Bukit Timah
In a for wet week - Heavy showers, gusty winds expected nationwide, says Brunei weatherman
Bursa Malaysia likely to consolidate gains, trade in a narrow range this week
Ringgit is expected to be hovering between RM4.07 and RM4.09 this week after hitting near six-year high against the greenback
196,000 stimulant tablets seized in southern Myanmar
Korean Se-young seals Finals title, breaks USD1mil prize barrier
Delhi Airport: 97 flights cancelled, over 200 delayed due to thick fog

Others Also Read