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The Countries Bailed Out by China

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April 6, 2023

By Katharina Buchholz

Bailout amounts provided by China remained quite low in the 2000s and early 2010s, before shooting up from 2015 onwards, climbing to a total of $100 billion for the two decades. The two most common ways in which these loans work is through a liquidity swap with the Chinese Central Bank – where most of the outstanding balances of around $40 billion were located as of 2021 – or through credit lines from Chinese state-owned banks. Three countries, Venezuela, South Sudan and Ecuador, received prepayments on goods they were to deliver to China.

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