Indonesia Grappling With $22 Billion Debt to China

NTD Newsroom
By NTD Newsroom
November 22, 2022China in Focus

Indonesia is working with China—on Indonesia’s first high speed railway—through Beijing’s Belt and Road infrastructure initiative.

The near 90-mile railway line comes with a high price tag: $8 billion and more than half of it is funded by a Chinese loan.

Indonesia is now more than $22 billion in debt to China.

One local media outlet called it a “ticking time bomb” for the Indonesian economy.


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