China says projects not to blame for majority of Africa debt

Workers put up an installation next to the headquarters of Bank of China in preparation for the Forum on China-Africa Cooperation (FOCAC), in Beijing, China August 24, 2018. REUTERS/Stringer

BEIJING (Reuters) – Chinese development projects do not account for a majority of the debt on African countries, a senior Chinese official said on Tuesday ahead of a summit with African leaders in Beijing next week. China’s “Belt and Road” initiative has been praised by supporters for providing vital financing to infrastructure-starved countries. Critics, including […]

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