Sep
03
China Promises Africa Debt Relief as Xi Counters Aid Criticism
By-
Pledges to extempt some poorer nations from loans coming due
- Chinese president also offers $6 billion in new financing
Chinese President Xi Jinping pledged debt relief to some poorer African nations, attempting to push back against a major criticism of his signature Belt and Road Initiative.
Speaking to the Forum on China-Africa Cooperation on Monday in Beijing, Xi defended the global program to develop roads, railways, ports, pipelines and other trade links. China planned to exempt some African countries from interest-free loans due by the end of the year, Xi said, adding that the relief would be granted to unspecified poor and heavily indebted countries…
China Promises Africa Debt Relief as Xi Counters Aid Criticism
