The Chinese Ambassador to South Africa, Wu Peng, has dismissed criticism that his country’s involvement in building infrastructure leads to a debt trap among African countries.Speaking to the SABC News, Wu said Africa needed more financial injection to develop its infrastructure.
“We don’t push them to use our Chinese loans. What we did in Africa is only under African countries’ request and due to the economic visible research, then provide some loans for infrastructure and other projects in Africa. And you know, the total Chinese loan, the percentage actually is roughly about 10%, not high. So you cannot just blame China for a so-called debt trap. There is no debt trap. In Africa, I believe there is only a trap of lapsed development.
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Source: SABC News Online - 🏆 32. / 51 Read more »