<ul><li>China is set to collect a record $22 billion in debt repayments from 75 developing countries this year.</li><li>This shift marks China's transformation from a capital provider to a debt collector.</li><li>The debt repayments are a result of high loan commitments made from 2012 to 2018 under the Belt and Road Initiative.</li><li>There is diplomatic pressure on China to restructure unsustainable debt and recover outstanding debts.</li><li>China's reputation as a development partner may be impacted by this shift to chief debt collector.</li><li>Under the BRI initiative, China invested in infrastructure projects in developing countries to enhance its global influence.</li><li>Critics raised concerns about debt traps after China acquired Sri Lanka's Hambantota port as a debt swap.</li><li>China remains the largest bilateral lender in many developing countries, including Pakistan.</li><li>Pakistan, with significant external debt maturing, has seen its debt increase from China through the CPEC project.</li><li>China has reduced future BRI investments, focusing on smaller projects amidst its own economic slowdown.</li></ul>

China To Collect Record $22-Billion BRI Debt Repayments From Developing Countries

Discover more