Developing nations face tidal wave of China debt: report

China Road and Bridge Corporation built Africa's longest suspension bridge in Mozambique, with 95 per cent of the funding provided by China. Developing countries are now struggling with debt repayments and interest costs to China. - Xinhua

SYDNEY: The world's poorest nations face a "tidal wave of debt" as repayments to China hit record highs in 2025, an Australian think tank warned Tuesday (May 27) in a new report.

China's Belt and Road Initiative lending spree of the 2010s has paid for shipping ports, railways, roads and more from the deserts of Africa to the tropical South Pacific.