The list of countries owed to China has been recently approved, and this list includes 20 countries. Pakistan is in first place. However, it appears that the debtor countries are mainly located on the African continent. This situation demonstrates the specific significance of China's global economic influence and financial policy.
The "One Belt, One Road" initiative, announced as an independent project in 2013, led to an increase in the number of countries indebted to China. After the launch of this project, about 50 countries began paying loans to China. The "One Belt, One Road" project was announced with the aim of further developing global trade routes and launching new infrastructure projects.
Although China's financial efforts are helping many countries achieve success, the issue of timely repayment of their debts carries great responsibility for them.
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