AngolaChina

China suspends debt service for poorer countries

China today announced the suspension of the debt service of developing countries, for a total amount of US $ 2,100 million (1,766 million euros), as part of the G20 country group initiative. China’s Finance Minister Liu Kun said in a statement that the China…
ChinaEconomy

Mozambique Not in China ‘Debt Trap’, Says Chinese Ambassador

A recent study by the Centre for Public Integrity (CPI) in Mozambique claiming the African country has fallen into a ‘debt trap’ due to its high indebtness to China, has now been rebutted by the Chinese ambassador and an academic. Speaking to State-owned Global Times…