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Radio France Internationale
Radio France Internationale
World
Jan van der Made

Ten years into China's Belt and Road, recipients are $1 trillion in the red

In this photo released by Xinhua News Agency, a train on the China-Laos Railway crosses a bridge over the Yuanjiang River in south-western China's Yunnan Province, on 3 December, 2021. © AP / Wang Guansen

China is owed more than a trillion dollars through its Belt and Road Initiative, making it the biggest debt collector in the world, a report said this week. An estimated 80 percent of the loans support countries in financial distress.

Beijing says upwards of 150 countries worldwide, from Uruguay to Sri Lanka, have signed up to the Belt and Road Initiative (BRI), a vast global infrastructure initiative launched by President Xi Jinping in 2013.

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