Wang Yi refutes the so-called "debt trap theory" of China Africa Cooperation

2022-01-07

On January 6 local time, State Councilor and foreign minister Wang Yi and Kenyan foreign minister omamo jointly met with reporters in Mombasa. Wang Yi refuted the argument that China's cooperation with Africa has brought about a "debt trap". Wang Yi stressed that China Africa cooperation is South South cooperation and mutual support and help among developing countries. China never attaches any political conditions to its cooperation with Africa and never does anything imposed on others. The China Kenya cooperation projects have been scientifically planned and demonstrated in detail, which have brought benefits to the Kenyan people and contributed to the development and revitalization of Kenya. 80% of Kenya's external debt creditors are multilateral financial institutions, and the composition of Kenya's debt to China is mainly preferential loans. Wang Yi stressed that the so-called "debt trap" in Africa is not a fact, but hype with ulterior motives by some people. It is a "discourse trap" created by forces who do not want to see Africa accelerate development. If there is any "trap" in Africa, it is the "poverty trap" and the "backwardness trap", which should be got rid of as soon as possible. China is willing to work with all friendly countries to help African countries accelerate their post epidemic recovery, eliminate poverty and backwardness, catch up with the pace of the times as soon as possible, achieve common development and create a better future. (outlook new era)

Edit:Ming Wu    Responsible editor:Haoxuan Qi

Source:XinhuaNet

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