China is not trapping Africa in debt, says foreign minister

by offering them massive loans, dismissing the idea as a"narrative" pushed by opponents to poverty reduction.

"This is a narrative that has been created by those who do not want to see development in Africa. If there is any trap, it is about poverty and underdevelopment," he said, speaking through an interpreter.follows a trip to Africa by US Secretary of State Antony Blinken in November that in part aimed at countering China's growing influence on the continent.

In Mombasa, Wang held a closed-door meeting with a team of government ministers and signed agreements on trade and investment, health, security, climate change and green technology transfer. During a visit to Mombasa in January 2020, Wang described the railway as a"benchmark" of China's Belt and Road Initiative, a trillion-dollar push to improve trade links across the globe by building landmark infrastructure.

"You have taken out these loans and they are making losses every month. You are essentially increasing the problems."Asked about Wang's trip, State Department spokesman Ned Price said that the United States was committed to"sustained and transparent collaboration" with Africans and was not asking nations to choose between the United States and China.

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China is not trapping Africa in debt: Foreign ministerMOMBASA, Kenya: China\u0027s Foreign Minister Wang Yi on Thursday (Jan 6) rejected suggestions that Beijing was luring African countries into debt traps by offering them massive loans, dismissing the idea as a \u0022narrative\u0022 pushed by opponents to poverty reduction. Wang, speaking ahead of touring Beijin Ya right. Just look at Sri Lanka whose port was taken over by China Why don’t the CCP help to build Africa with free money & pro bono construction services? No debt, no trap!
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China is not trapping Africa in debt: foreign minister - The Independent World NewsBy Hillary ORINDE China’s Foreign Minister Wang Yi on Thursday rejected suggestions that Beijing was luring African countries into debt traps by offering them massive loans, dismissing the idea as a “narrative” pushed by opponents to poverty reduction.Wang, speaking ahead of touring Beijing-funded infrastructure projects in Kenya, said China’s considerable lending to Africa was “mutually … yeap dunt believd wat izs says..dan again when CHINA was under d mpress dowarger..didnt china was in debt with d whole europeans? u doe knuw bout hongkong/makau? right..soe who did china learnt frm?
Source: IndependentSG - 🏆 9. / 63 Read more »