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November 22, 2022
Indonesia Grappling With $22 Billion Debt to China
![NTD News](https://vs1.youmaker.com/ymk/image/20231128/Edituse2021_1701202392201.jpeg)
NTD News
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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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