EXPLAINER
‘Tidal wave’: How 75 nations face Chinese debt crisis in 2025
Developing countries to pay a record $22bn this year, mostly linked to loans from China’s Belt and Road Initiative.
![Workers stand beside an Electric Multiple Unit high-speed train for a rail link project part of China's Belt and Road Initiative, at Tegalluar train depot in Bandung, West Java province, Indonesia [File: Yuddy Cahya Budiman/Reuters]](/wp-content/uploads/2023/08/2022-10-13T064713Z_359954455_RC250X95CIL1_RTRMADP_3_INDONESIA-RAILWAY-CHINA-1693361098.jpg?resize=770%2C513&quality=80)
![United States President Joe Biden and Chinese President Xi Jinping made little headway on resolving economic tensions at a recent virtual summit [File: Alex Brandon-Eraldo Peres/AP]](/wp-content/uploads/2021/11/AP21316601809772.jpg?resize=770%2C513&quality=80)
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New Trump platform ‘Truth Social’ backed by venture capitalist who runs a SPAC based in Wuhan, China.
![Former President Donald Trump visited Beijing in November 2017 before US-China relations soured [File: Thomas Peter/Reuters]](/wp-content/uploads/2021/10/2017-11-09-TRUMP-ASIA-CHINA.jpg?resize=270%2C180&quality=80)
The decision to hikes rates from 4.5% to 5% comes amid a weak rouble, high inflation and flaring geopolitical tensions.
![Russia's central bank raised the rate for the second time this year as inflation, its main area of responsibility, accelerated to 5.8 percent in March, its highest since 2016 [File: Maxim Shemetov/Reuters]](/wp-content/uploads/2021/04/russia.jpg?resize=270%2C180&quality=80)
Asian shares pull back from multi-year highs on fears the new virus strain could slow economic recovery.
![Several countries shut travel from the UK on news of a new virus strain there. [File: Luis Cortes/Reuters]](/wp-content/uploads/2020/12/2020-12-21T204329Z_1829947306_RC2WRK9ONC3H_RTRMADP_3_HEALTH-CORONAVIRUS-BRITAIN-MEXICO.jpg?resize=270%2C180&quality=80)
Asian stocks dip over fears of a new virus strain in the UK, offsetting gains from news of a new US stimulus bill.
![News of a new strain of coronavirus in the UK has affected Asian stocks as well as the British pound [File: Toby Melville/Reuters]](/wp-content/uploads/2020/12/2020-03-09T145951Z_1812542964_RC2EGF9V90V2_RTRMADP_3_HEALTH-CORONAVIRUS-BRITAIN.jpg?resize=270%2C180&quality=80)
COVID-19 pandemic has hit billions of people hard with poverty set to surge in almost every country, Oxfam says.
![About 2.7 billion people have not received any government financial support to deal with the coronavirus pandemic [File: Adnan Abidi/Reuters]](/wp-content/uploads/2020/12/2020-04-10T000000Z_1057893468_RC2N1G9P4QWN_RTRMADP_3_HEALTH-CORONAVIRUS-INDIA-POVERTY.jpg?resize=270%2C180&quality=80)
To attract investors to its new sovereign fund, Indonesia needs to show governance protocols are airtight, analysts say.
![Indonesia will launch a new fund in 2021 to invest in the development of the new capital city, among other projects [File: Beawiharta/Reuters]](/wp-content/uploads/2020/12/2018-04-17T083340Z_1003903203_RC149D9B3690_RTRMADP_3_INDONESIA-INFRASTRUCTURE.jpg?resize=270%2C180&quality=80)
Asian stock markets rise on hopes of a better-than-expected regional economic recovery supported by China’s rebound.
![Asian economies are expected to post a stronger recovery than earlier expected [File: Issei Kato/Reuters]](/wp-content/uploads/2020/12/2016-11-09T120000Z_1579256916_HT1ECB903B6E4_RTRMADP_3_GLOBAL-MARKETS.jpg?resize=270%2C180&quality=80)
Developing Asia is expected to contract less than previously expected as China and India post economic recoveries.
![Developing Asia will shrink for the first time in 2020 since the 1960s. [File: Jason Lee/Reuters]](/wp-content/uploads/2020/12/2016-09-27T120000Z_1631705894_S1BEUDQIIJAA_RTRMADP_3_ASIA-ECONOMY-ADB.jpg?resize=270%2C180&quality=80)
The lira has lost some 18 percent of its value against the US dollar this year, despite greenback weakness.
The government will send its new offer to the US Securities and Exchange Commission in the coming days, Reuters reports.
