African Countries Don’t Think Cooperation Adds To Debt – China
In a statement posted on the Chinese Foreign Ministry’s website, in the form of a question and answer, State Councillor Wang Yi said Xi’s speech had met with a rapturous reception from the African leaders at the summit.
“Some African leaders stated outright, certain Western countries only speak but don’t act, but China takes actual actions,” Wang, who is also China’s foreign minister, said.
China has defended the latest promise of financing for Africa, saying China is helping the continent develop, not pile up debt.
A wave of African nations seeking to restructure their debt with China has served as a reality check for Beijing’s ties with the continent, though most of its countries still see Chinese lending as the best bet to develop their economies.
Every African country attended the summit, with most sending their presidents, apart from eSwatini, self-ruled Taiwan’s last African ally that has so far rejected China’s overtures to ditch Taipei and recognize Beijing.
Comments are closed.