Digital Silk Road

China’s 15th Five-Year Plan and the Shifting Strategic Landscape of South Asia

By Leo Nirosha Darshan COLOMBO: According to World Bank reports, China has extended nearly $48 billion in loans to South Asian nations. Pakistan, Sri Lanka, and Bangladesh hold record levels of debt to Beijing. In 2024, China became Pakistan’s largest creditor, with loans totaling $29 billion. Between 2006 and 2022,…

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