Debt trap policy of china For the past few decades, China has been providing funds to most countries of the world for aid or infrastructure development. In this way, it has provided loans of $ 1.5 trillion to 150 countries. You will also be shocked to know that till now the World Bank and the International Monetary Union have provided loans of about 200 billion dollars to various countries of the world. In this way, China also left behind these two world-class institutions in the process of lending. China owes the maximum debt to the countries of the continent of Africa. The biggest reason for this is the poverty of these countries and the mineral resources found in them. In 2010, China had a debt of $ 10 billion in African countries, which increased to 30 billion in 2016. The dollar has reached. The debt of Djibouti, the country of the African continent, is 80% of its total GDP, with the debt from China being 77%. Not only the countries of Africa are buried under China's
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