Beijing rejects accusations that its lending system has pushed African countries into debt traps, saying the “narrative” is pushed by rivals with “ulterior motives.”
China’s Foreign Minister Wang Yi has rejected allegations 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 on Thursday, 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 reporters in the Kenyan port city of Mombasa.
“This is a narrative that has been created by those who do not want to see development in Africa. If there is any trap, it is about poverty and underdevelopment,” he said, speaking through an interpreter.
Wang’s three-nation tour of Eritrea, Kenya and the Comoros follows a trip to Africa by US Secretary of State Antony Blinken in November that in part aimed at countering China’s growing influence on the continent.
China is Africa’s largest trading partner, with direct trade worth over $200 billion in 2019, according to official Chinese figures.
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