Mapping China’s Global Debt-Serfdom
Get people indebted to you. Then you own them. China understands this.
According to research recently published by the Kiel Institute for the World Economy, there are seven countries in the world whose external loan debt to China surpasses 25 percent of their GDP…
…Yet, as Statista’s Katharina Buchholz notes, the world map of debt to China amassed through direct loans (excluding debt holdings and short-term trade debt) shows that a majority of countries heavily in debt to China are in Africa, but that Central Asia and Latin America follow close behind.