China Pledges New Investment for Tonga as Major Debt Repayments to Beijing Draw Closer | APT

China has pledged fresh investment for Tonga as the island nation faces mounting pressure to repay large loans owed to China’s EXIM Bank. President Xi Jinping met King Tupou VI in Beijing, offering renewed financial support as Tonga prepares its 2025 budget, where nearly half of its external debt comes from China. Tonga, a key player in the Pacific strategic sphere, has sought assistance from Australia and the U.S. to restructure its loans and strengthen resilience against climate disasters.

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