God1000:
This is colonization by debt, it's hard to believe that poor China of yesterday has now become the world's economic and technological powerhouse, it's all about good governance and curbing corruption.


I'm sure we're owing IMF and world bank a lot of money too


Meanwhile I don't see any European country on the list, it's all africa, Asia and south America

Which year was China poor that you refer as "yesterday"

christejames:
And Tinubu is warming up to request for more

I asked him to. I need to use the money to start a new business.

I thought China won't use US dollars 😬

Helpfromabove1:
China has another motive with some of these debt

Colonialism by debt because some of these countries can not pay back China just needs something from them either there natural resources or there loyalty against US or something else

A fight for world economic power house is the game

As many more countries join the list the easier for China to propose Yuan as the world currency against dollar

Nigeria's 4.1B is hardly an insurmountable amount. All that debt added together is less than the valuation of the 5th wealthiest man in the world.

How many of these countries did China Colonize ?

God1000:
This is colonization by debt, it's hard to believe that poor China of yesterday has now become the world's economic and technological powerhouse, it's all about good governance and curbing corruption.


I'm sure we're owing IMF and world bank a lot of money too


Meanwhile I don't see any European country on the list, it's all africa, Asia and south America

Belarus is there

This is getting out of hand


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Y are the debt in dollars....why not in Chinese currency

China too smart in this world politics game.

Hezzyluv:
As far as I am concerned, China is the world's power.

do China give aid? Let them start giving aid first na, just like the US.

We suppose be no.1 for that list

No wonder they always support evil of russia and china.

Flesh and Blood hasn't revealed this to you. Directly or indirectly, they have stake in those countries. A borrower will always be a slave to the lender.
The amazing part is that , we are warming to borrow More.
We borrow and nothing to show forth for it ,that's the most pathetic thing.

Angelfrost:
More than half of those nations will never be able to repay those debts...!

Imagine the interests in servicing them every year... Omo! China is making some serious money o.


Not to mention that all the nations have enough assets for China to colonize.

For starters, Chinese citizens can run tax free businesses in a lot of those nations, as well as tapping and siphoning huge amounts of their natural resources.

God1000:
This is colonization by debt, it's hard to believe that poor China of yesterday has now become the world's economic and technological powerhouse, it's all about good governance and curbing corruption.


I'm sure we're owing IMF and world bank a lot of money too


Meanwhile I don't see any European country on the list, it's all africa, Asia and south America

Was China ever poor?

God1000:
This is colonization by debt, it's hard to believe that poor China of yesterday has now become the world's economic and technological powerhouse, it's all about good governance and curbing corruption.


I'm sure we're owing IMF and world bank a lot of money too


Meanwhile I don't see any European country on the list, it's all africa, Asia and south America

Belarus is where

God1000:
This is colonization by debt, it's hard to believe that poor China of yesterday has now become the world's economic and technological powerhouse, it's all about good governance and curbing corruption.


I'm sure we're owing IMF and world bank a lot of money too


Meanwhile I don't see any European country on the list, it's all africa, Asia and south America

Will u borrow from ur rival/enemy or competitor? Wen u do dat. U have given them superiority over you.
They will rada borrow from IMF Dan to go to China... Rivalry is very real.

China isn’t even developed and rich compared to it’s other counterparts like Japan and South Korea, but I guess it is due to their enormous population earning the nation just $12,000 per capita.

God1000:
This is colonization by debt, it's hard to believe that poor China of yesterday has now become the world's economic and technological powerhouse, it's all about good governance and curbing corruption.


I'm sure we're owing IMF and world bank a lot of money too


Meanwhile I don't see any European country on the list, it's all africa, Asia and south America

Before una open mouth talk, make una dey try make small research and do tentative analysis, don't just depend on what you read or are told.

China herself is owing debt - make we rest...No Africa country owes up to what this bigger country owes, yet they complain each time we try to borrow. America's debt has been growing since 1950s and they have not been able to reduce it.

Here’s a glimpse of the external debt of some countries, along with their respective figures:

1. United States: The external debt stands at $24.5 trillion, accounting for 96.31% of its GDP

2. United Kingdom: With an external debt of $9.0 trillion, it represents 96.5% of its GDP

3. Japan: The external debt is approximately $4.34 trillion, constituting 98.44% of its GDP

4. Netherlands: Their external debt amounts to $3.79 trillion, which is a whopping 381.62% of their GDP

5. France: The external debt reaches $7.4 trillion, making up 112.06% of their GDP

6. Ireland: With an external debt of $303 billion, it corresponds to 86.82% of their GDP

7.Italy: Their external debt stands at $2.6 trillion, constituting 120.00% of their GDP

8. Germany: The external debt is approximately $6.1 trillion, accounting for 65.33% of their GDP

9. Canada: Their external debt amounts to $2.9 trillion, representing 126.94% of their GDP

10. China: Despite being a massive economy, China’s external debt is relatively low at $2.45 trillion, constituting only 13.55% of its GDP


Nigeria's Debt to GDP ratio is 39% Better than all these countries above. if the idea is not to under-develop Africa, why can't they at least give African countries 500 billion loans each to develop their countries massively and pay good salaries.

Note: The whole of Africa's 54 countries owes 726.55 billion U.S. dollars only.

see the below links for more understanding.
https://worlddebtclocks.com/

HIGHEST AFRICA"S DEBT TO GDP RATIO
Eritrea: The national debt in this Horn of Africa country stands at 175.1% of the GDP.
Cabo Verde: This island nation has a debt-to-GDP ratio of 160.7%.
Mozambique: Mozambique has a debt-to-GDP ratio of 133.6%.
Angola: This Southern African country has a debt-to-GDP ratio of 103.7%.
Mauritius: This island country's gross debt stands at 101% of its GDP.
Zambia: Zambia's gross national debt also stands at 101% of its GDP.
Republic of Congo: This country in Central Africa has a debt-to-GDP ratio of 85.4%.
Ghana: Ghana's debt to GDP ratio currently stands at 83.5%.
The Gambia: In this country, the debt-to-GDP ratio is at 82.3%.
Seychelles: This island country has a debt-to-GDP ratio of 81.9%.
Guinea-Bissau: This country's debt-to-GDP ratio currently stands at 79.1%.
Rwanda: Rwanda's debt-to-GDP is at 74.8%.
Burundi: The Eastern African country has a debt-to-GDP ratio of 72.4%.
Gabon: In Gabon, the debt-to-GDP ratio is 72.1%.
Senegal: This Francophone West African country has a debt-to-GDP ratio of 71.9%.
Sierra-Leone: The Anglophone West African country has a debt-to-GDP ratio of 71.1%.
Namibia: This country has a debt-to-GDP ratio of 69.9%.
Kenya: Kenya's debt-to-GDP ratio is 69.7%.
South Africa: This country has a debt-to-GDP ratio of 68.8%.
South Sudan: South Sudan has a debt-to-GDP ratio of 64.4%.

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God1000:


Meanwhile I don't see any European country on the list, it's all africa, Asia and south America

Belarus in europe

God1000:
This is colonization by debt, it's hard to believe that poor China of yesterday has now become the world's economic and technological powerhouse, it's all about good governance and curbing corruption.


I'm sure we're owing IMF and world bank a lot of money too


Meanwhile I don't see any European country on the list, it's all africa, Asia and south America

Oga, Belarus is an European country. Take note

God1000:
This is colonization by debt, it's hard to believe that poor China of yesterday has now become the world's economic and technological powerhouse, it's all about good governance and curbing corruption.


I'm sure we're owing IMF and world bank a lot of money too


Meanwhile I don't see any European country on the list, it's all africa, Asia and south America

Is Belarus no longer in Europe?

Angelfrost:
More than half of those nations will never be able to repay those debts...!

Imagine the interests in servicing them every year... Omo! China is making some serious money o.


Not to mention that all the nations have enough assets for China to colonize.

For starters, Chinese citizens can run tax free businesses in a lot of those nations, as well as tapping and siphoning huge amounts of their natural resources.

Are you for real?

Hamachi:
Are you for real?

Yes o.

Most of the gold, diamonds, and other resources in Nigeria and other African nations, where do you think they go to?!

Do you know how much Chinese businessmen make from Africa every year?!!

Reality!!!

some of this debts are cost of project china executed on loan

Asides from having ulterior motives. The question is how did China achieve such feat, and they don't practice democracy. This proves that the will of leaders is what matters not the type of governance system.
Unlike Russia that practice oligarchy, China has a well developed system of governance. Even in democracies, a lot of injustice and oppression is going on

Belarus is European Country

God1000:
This is colonization by debt, it's hard to believe that poor China of yesterday has now become the world's economic and technological powerhouse, it's all about good governance and curbing corruption.


I'm sure we're owing IMF and world bank a lot of money too


Meanwhile I don't see any European country on the list, it's all africa, Asia and south America

No Ghana on the list.

lildush:

Will u borrow from ur rival/enemy or competitor? Wen u do dat. U have given them superiority over you.
They will rada borrow from IMF Dan to go to China... Rivalry is very real.

It's not really about rivalry but who would be benevolent enough to forgive your debts.

Sirianese:



China targets resource-rich countries and they later leverage on the fact you cannot meet the terms of repayment to acquire access to your resources under very cheap and at times completely free rates.

They plunder your bio-diversity and ship everything back to their country, and your debt still remains unpaid. 21st-century colonialism.

Meanwhile wild gorillas are demonstrably more humane than the majority of Black men

Propaganda!

success1smyn:

Ogbeni na china dey owe us, dey read to comprehend and understand next time.

Olodo, go back to school. China doesn't owe the US. China own US debt , meaning that they own treasury bills in the US that the US govt have to pay whenever they are matured.
I know that is sounds confusing if you are not familiar with the terms but seriously, US is indebted to China not the other way around.

How did China get to become so rich enough to lend to nations? Chai hard + smart work pays o. Nigeria wake up, crude oil is not enough, develop your human capital.