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China's Loan Shift: More Repayments Than New Financing

1/28/2026

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Summary

Story summary

Over the past decade, ONE Data shows China's financing shifted, with new loans down and debt repayments up.
Many African and other low- and middle-income countries now send more money to China than they receive in new loans.
Multilateral institutions have become the primary source of development finance, up 124% from 2020 to 2024, while Belt and Road Initiative continues expanding globally.

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Story summary

Over the past decade, ONE Data shows China's financing shifted, with new loans down and debt repayments up.
Many African and other low- and middle-income countries now send more money to China than they receive in new loans.
Multilateral institutions have become the primary source of development finance, up 124% from 2020 to 2024, while Belt and Road Initiative continues expanding globally.