zhōng guó中国chéng wéi成为fā zhǎn zhōng guó jiā发展中国家zuì最dà大zhài quán guó债权国
A recent report says that China used to be a lender to many developing countries, but now it has become a debt collector.
Many poor countries owe China a lot of money, which puts great pressure on their economies.
By 2025, these countries will have to repay China 22 billion US dollars in debt.
In the past, China gave loans to many countries through the Belt and Road Initiative, but now these countries are repaying more money than they are borrowing.
China will still lend to some important partner countries, such as Pakistan, Kazakhstan, Mongolia, Argentina, Brazil, and Indonesia.
China is now the largest creditor to many developing countries in the world.
The report also says that China holds more than half of the external debt of the world's poorest and most vulnerable countries.
China has a big impact on the economies of these countries.