Reuters GraphicsMuch of China's growing rescue lending is denominated in renminbi, the report found, with loans in the Chinese currency overtaking U.S. dollars in 2020.
Overdue payments to Chinese lenders have also risen.
The arrangement is controversial because it gives China debt seniority, meaning other lenders, including multilateral development banks, could get paid second during any coordinated debt relief.
Half of its non-emergency lending in 2021 was syndicated loans, 80% of that alongside Western banks and international financial institutions.
Loan commitments to African countries fell from 31% of the total in 2018 to 12% in 2021, while lending to European countries almost quadrupled to 23%.
Persons:
Tingshu Wang, AidData, Xi Jinping, —, Mary, Brad Parks, Rachel Savage, Clare Baldwin, Tomasz Janowski
Organizations:
REUTERS, Rights, Beijing, Initiative, People's Bank of China, State Administration of Foreign Exchange, Mary university, Reuters, Thomson
Locations:
Beijing, China, Rights JOHANNESBURG, HONG KONG, U.S, Sri Lanka, Zambia, renminbi, Africa