Debt relief on the table as Ethiopians visit China

Debt relief on the table as Ethiopians visit China

A high-level Ethiopian delegation’s visit to Beijing has led to speculation about how China is dealing with the African nation’s deepening debt crisis, but a spokeswoman for the Chinese Ministry of Foreign Affairs has denied any plans to restructure Ethiopian debt. “China takes the debt issue of developing countries seriously…

Laureen Fagan

Laureen is the editor of Africa Times

China counters ‘debt trap’ claims over African loans

China counters ‘debt trap’ claims over African loans

China again denied claims that its loan policies put African nations and others in the developing world into “debt traps,” countering reports that United States legislators are looking to pass legislation that would limit China’s ability to do so. Ministry of Foreign Affairs spokesman Lu Kang said Wednesday that Beijing’s…