China is the world’s largest creditor

reported by Mehr News Agency, more than 25% of the world’s foreign debts by the end of 2023 will belong to China, which has made this country the world’s largest creditor.

China’s foreign loans have increased dramatically in the last two decades, and this country is considered the world’s largest creditor.

Two decades ago, China rarely allocated credit to other countries, and Japan was at the top of the world’s creditors, followed by Germany, France, America and England.

When China’s foreign loans increased sharply, the amount of bilateral foreign debt of countries has also increased exponentially.

In other words, China is primarily responsible for the rapid increase in foreign debt in many countries over the past 20 years.

The foreign debt of countries has increased from 49.5 billion dollars to 741.4 billion dollars between 1973 and 2023.

China’s share in the total bilateral foreign debt has risen from one billion dollars to 193.1 billion dollars.