China’s $240 billion expenditure for realizing the Belt and Road Initiative
Statistical data indicates that China has invested $240 billion in 22 developing countries from 2008 to 2021 to realize the Belt and Road Initiative project.
Analysis of statistical data shows that Beijing’s investment in the New Silk Road project has increased in recent years due to granting loans to developing countries for infrastructure development.
Studies indicate that Beijing’s loans to countries facing debt problems have risen from less than 5% of its foreign loan portfolio in 2010 to 60% in 2022.
Argentina with $111.8 billion, Pakistan with $48.5 billion, and Egypt with $15.6 billion have received the most loans, while 9 countries worldwide have received loans of less than $1 billion.
The People’s Bank of China’s currency swap lines have paid about $170 billion to countries like Sri Lanka and Egypt.