Dozens of countries have fallen into China's debt trap

The new report shows that scores of developing countries such as Pakistan, Kenya, Zambia, Laos and Mongolia, which have been caught in a Chinese debt trap, have pushed their economies to the brink of collapse.

In the report reported by Radio France Internationale based on the Associated Press on May 20, heavily indebted countries in China used loans from China to invest in education, food, energy, fuel and other vital needs, but at this point had difficulties in repaying the loans. It has become clear that foreign exchange reserves are melting quickly as a result of restricting other budgets to close the debts of some countries to China.

Recover completed projects against debts

According to the research, Zambia and Sri Lanka will not be able to pay their debts. These countries are unable to pay not only debts, but also interest. The report claims that the reasons for these countries' borrowing are mostly to build ports, mines and power stations.