Developing nations fear a ‘tidal wave’ of China debt as repayments exceed records.

• Australian think-tank warns of a “tidal wave of debt” as repayments to China hit record highs in 2025.

• China’s Belt and Road Initiative lending spree in the 2010s has funded shipping ports, railways, and roads.

• New lending is drying up, outweighed by debts that developing countries must repay.

• The report suggests China will become more of a debt collector than a banker to the developing world.

• Beijing’s Foreign Ministry confirms that China’s investment and financing cooperation with developing countries abides by international conventions.