China debt levels reach $1 trillion across 30 nations

Based on World Bank data, a new study has identified the top 30 countries with the highest debt to China. The research highlights China's significant role in the global financing system, particularly for emerging economies and nations facing difficulties accessing external finance.

Russia holds the largest debt to China at approximately $169 billion, followed by Venezuela with $113 billion and Pakistan with $69 billion. Turkey ranks 10th globally, owing $28 billion to the Chinese government. The total debt owed to China by the 30 countries analyzed in the study is estimated at approximately $1.031 trillion.

Other notable countries in the top ten include Angola, Kazakhstan, Indonesia, Brazil, Argentina, and Vietnam. The study notes that the combined debt of Russia, Venezuela, and Iran to China reaches $310.1 billion, accounting for 30.1% of the total debt among the 30 countries studied.