BRI 'debt trap' claims merely smears
chinadaily.com.cn |
Updated: 2023-03-04 16:55
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Multilateral financial institutions and commercial creditors, instead of China, account for the bulk of Africa's debt, said Wang Chao, the spokesman for the first session of the 14th National People's Congress, on Saturday.
Dismissing the claims of China's "debt traps" in Africa, Wang cited statistics of the World Bank, and said nearly three quarters of Africa's external debt is owed to the multilateral institutions and commercial creditors.
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