The High Cost of Chinese Debt Traps on Poor Nations.

Developing countries, including Pakistan, Sri Lanka, and Kenya, are struggling to fund their welfare schemes, education, and healthcare systems due to their high foreign debt to China. Most of their tax revenue is going towards paying back foreign debt, and even paying the interest on the loans is costing the nations dear as most of them have nearly exhausted their foreign reserves. Experts predict that unless China begins to soften its stance, there could be a wave of defaults and political upheavals.