China now collects more in debt from borrowers in the developing world than it extends in loans

China’s role in developing countries’ finances has transformed from capital provider to chief debt collector as a “tidal wave” of repayments due on loans Beijing extended under its Belt and Road Initiative far outstrip new disbursements, a new report by an Australian think tank showed.Under the Belt and Road Initiative (BRI), Beijing has disbursed over $1 trillion in loans to more than 150