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China-Japan-Koreas
China is not trapping Africa in debt: Foreign minister
2022-01-08
Then his lips fell off.
[AlAhram] 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 benefiting" and not a strategy to extract diplomatic and commercial concessions.

"That is simply not a fact. It is speculation being played out by some with ulterior motives," he told news hounds in the Kenyan port city of Mombasa.
Posted by:trailing wife

#5  Epicanthic Fold = target?
Posted by: Frank G   2022-01-08 20:35  

#4  What will China do when the loans aren't repaid? Or the facilities built with them are "nationalized"? Or when the money just disappears into a numbered bank account?
Posted by: Rob Crawford   2022-01-08 20:12  

#3  ^ Yes. And they are being advised by Ivy League trained "development" experts who are currently welshing on their student loans.
Posted by: M. Murcek   2022-01-08 11:47  

#2  Nobody's stopping them from paying back the loans. It's pretty much what a loan is.
Posted by: Sheter the Lesser9291   2022-01-08 11:42  

#1   these are partnerships that are based on mutual opportunity, mutual respect, mutual payments.
Posted by: Skidmark   2022-01-08 08:22  

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