Developing nations are entering a new and worrying phase in their relationship with China. A new report from Boston University finds that, in 2022 and 2023, these countries paid more in debt service to China than they received in new Chinese loans.
The shift is starting to reverse what was once a net flow of capital to the Global South, and the stakes are high.
The study, Reviving Chinese Development Finance in the Global South, shows that net debt transfers, defined as the amount of new lending minus repayments of principal and interest, turned negative during those two years. In total, developing countries repaid approximately $3.9 billion more per year than China disbursed anew. Reuters
Between 2008 and 2024, China’s policy banks, the China Development Bank and the Export-Import Bank, committed more than $472 billion across more than 900 infrastructure projects in transport, energy, water, ICT and more. Those investments once helped build public assets and spur growth in many parts of the Global South. Reuters
But lending patterns are changing. New project financing has shrunk, and China is increasingly routing funds through intermediate development banks rather than direct project lending.
Britain says there are “strong indications” Iran played a role in a suspected plot targeting RAF Fairford, a military base in western E...
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Iranian President Masoud Pezeshkian has accused the U.S. and Israel of seeking to foment internal divisions in Iran after failing to defeat the country militarily, Iran's state news agency IRNA reported.
Israeli Prime Minister Benjamin Netanyahu said Israel may participate in the investigation into a serious incident aboard a flydubai flight bound for Tel Aviv, while investigators examine the motive of the co-pilot involved.
Passengers restrained a flydubai co-pilot who allegedly stabbed the pilot and tried to crash a flight from Dubai to Tel Aviv, Israeli Prime Minister Benjamin Netanyahu said on Wednesday.
North Korea has dismissed as a “farce” Seoul’s claim that Pyongyang was responsible for a landmine explosion south of the Military Demarcation Line that injured three South Korean soldiers.
Here's your AnewZ Daily Brief for 30 September 2026. These are the top five stories making headlines in Europe.
Britain says there are “strong indications” Iran played a role in a suspected plot targeting RAF Fairford, a military base in western England used by U.S. forces for operations against Iran.
Iraqis celebrated the departure of U.S forces after more than two decades of war on Wednesday, but the withdrawal is also raising concerns about the country’s ability to maintain security without a Western military presence.
Explosions were heard overnight in Ethiopia’s capital, Addis Ababa, as an opposition source claimed drone strikes targeted military sites, raising fears that renewed fighting in the north could spread beyond the front lines.
The Trump administration has urged France and Germany to release emergency diesel reserves to ease global fuel prices, warning they could otherwise face restrictions on U.S. diesel exports, according to three people familiar with the discussions who spoke to Reuters.
Tennessee death row inmate Christa Pike survived an attempted lethal injection on Wednesday, prompting the governor to suspend executions for the rest of the year and order an independent review.
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