Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Support and Stability Apparatus (SSA) chief Abdel Ghani al-Kikli confirmed dead.
Gunfire heard in various areas of the Libyan capital of Tripoli.
Libyan sources: The Ministry of Interior urges all citizens in Tripoli to remain in their homes.
Libyan sources: Air traffic halted at Tripoli Airport following reports of the death of Support and Stability Apparatus (SSA) chief Abdel Ghani al-Kikli.
Libyan sources: Clashes and military movements reported inside the capital, Tripoli.
Sheikh Qassem: Lebanese officials must also prioritize rebuilding the state economically and socially, as well as returning the depositors’ funds.
Sheikh Qassem: The second priority is reconstruction, and I call on the Lebanese government to place this item first on the agenda of its next session.
Sheikh Qassem: Lebanese officials must prioritize ending Israeli aggression, its violations, its occupation, and securing the release of prisoners.
Sheikh Qassem: We are part of the new era and partners in its benefits, and we want those who previously took certain stances for specific reasons to reconsider them in order to build the country.
Sheikh Qassem: We say to the servants of Israel: return to your national sense so that we can work together.

Chinese FM: Africa 'debt trap' allegations 'unreasonable'

  • By Al Mayadeen English
  • Source: Agencies
  • 12 Jan 2023 16:09
  • 1 Shares
3 Min Read

China's Foreign Minister visits Addis Ababa, Ethiopia, and reaffirms the need to assist African nations to overcome existing debt pressures through development.

  • x
  • African Union headquarters in Addis Ababa, Ethiopia (Reuters)
    African Union headquarters in Addis Ababa, Ethiopia (Reuters)

Chatham House, the international affairs think tank in London, stated that China is responsible for just approximately 12% of Africa's total foreign debt, which is estimated at $700 billion.

During a visit to the African Union's headquarters in Addis Ababa, Ethiopia, Chinese FM Qin Gang refuted claims that a "Chinese debt trap" was emerging throughout the continent.

The so-called "debt trap" is faulty rhetoric that has been pinned onto the relationship between China and African nations, according to Qin. The FM, who is on a week-long visit to the continent as part of his first overseas trip in an official capacity, also asserted that the only people qualified to assess the level of cooperation between China and Africa are the African people.

During a press conference that was held at the African Union's headquarters in Addis Ababa on Wednesday, Qin remarked on the Sino-African relations saying "As good brothers sharing joys and sorrows, China and Africa have forged ahead side by side on the path of common development.”

Related News

China pledges $136 mln in military aid for Africa

The FM emphasized that manufacturing and infrastructure development are the key focuses of Sino-African financial cooperation as it aspires to create the skills required for Africa's self-sustaining growth.

Qin claimed that initiatives in which China is involved advance the well-being of African nations. He pointed out that encouraging these governments' economic and social growth would be a better way to address the issue of their outstanding debts than using debt settlement procedures.

The Foreign Minister also mentioned that Beijing and 19 African nations had previously reached debt reduction deals.

“China will continue to respect the will of the African people and bring tangible benefits to the African people through China-Africa cooperation based on the actual situation in Africa,” Qin stressed.
 
Approximately 75% of the African total debt pertains to multilateral financial institutions as well as commercial creditors, according to the FM, who also urged "all parties concerned" to assist in reducing the pressure exerted on African nations as a consequence of existing debt. 

“China calls upon all parties concerned to contribute to alleviating Africa's debt burden in line with the principle of common actions and fair burden-sharing,” Qin said.

Read more: South Africa accepts docking of Russian ship despite US warnings

  • Sino-African relations
  • Addis Ababa
  • China
  • Ethiopia
  • African Union
  • Qin Gang

Most Read

Trump cut off contact with Netanyahu, senior Israeli official says

Trump cut off contact with Netanyahu: Israeli media

  • US & Canada
  • 9 May 2025
Pakistan downs an Indian jet and hits a military base in Kashmir escalation.

Pakistan downs 3 Indian jets, hits military base in Kashmir escalation

  • Politics
  • 7 May 2025
A Yemeni gunman walks past paintings depicting rockets and scenes in solidarity with Gaza, displayed on a roadside fence in Sanaa, Yemen, Monday, May 5, 2025 (AP)

Oman brokers US-Yemen ceasefire, Israelis in dark regarding deal

  • Politics
  • 6 May 2025
Saree

Yemeni Armed Forces target key Israeli sites, USS Truman

  • MENA
  • 7 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Hezbollah Secretary-General Sheikh Naim Qassem gives a speech to commemorate martyr Sayyed Mustafa Badreddine on May 12, 2025 (Al Mayadeen Screengrab)
Politics

Israeli pressure doomed to fail, Resistance to prevail: Sheikh Qassem

AP
Politics

'Israel is spiraling' amid Gaza war, internal fractures: The Nation

UNIFIL
Politics

'Israel' hindering Lebanese Army deployment in south: UNIFIL

The scene at BBC Broadcasting House in London, after red paint was sprayed over the entrance. (AP)
Politics

UK journalists given guidebook after failing on covering Gaza genocide

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS