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Debt owed by various countries, especially in South Asia and Africa, to China has multiplied in recent years. China is either the sole or the major lender for the majority of these countries. In other words, these nations owe a large share of their external debt only to China.
Chart 1 | The chart shows the external debt stocks owed by select countries to China in $.
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Only the top 20 countries that owe the most debt to China in absolute terms in 2022 are depicted. External debt stock is the…