Audio By Carbonatix
Chinese development projects in Africa must be sustainable, the government’s top diplomat told senior African ministers on Tuesday, as he denounced “outside forces” who seek to vilify cooperation by accusing China of creating debt traps.
Chinese President Xi Jinping pledged $60 billion to African nations at a China-Africa summit on cooperation in September, matching the size of funds offered at the previous summit in Johannesburg in 2015.
Beijing has denied engaging in “debt trap diplomacy” and Xi said in September government debt from Chinese interest-free loans due by the end of the year would be written off for the poorest African nations.
Chinese State Councillor Wang Yi told foreign and other ministers from some 50 African countries in Beijing his country does not pursue selfish geopolitical gains in Africa and would never impose its will on others.
He said China’s approach to cooperation with Africa had been different to that of traditional powers.
“For some time, however, some outside forces have tried to vilify and undermine China-Africa cooperation by cooking up (accusations of) so-called neo-colonialism and debt traps, which are totally groundless and are not accepted by African people,” Wang said.
“Such attempts expose a total lack of respect for Africa, lack of understanding about China, absence of knowledge about the true friendship between China and Africa that has stood the test of time,” he said.
Joint projects must be sustainable, he said.
“We need to take forward project cooperation in such a way as to ensure real economic and social benefits and respect market principles,” Wang said.
African countries running up debt they won’t be able to pay back, including to China, should not expect to be bailed out by Western-sponsored debt relief, the United States’ top Africa diplomat warned on Sunday.
The International Monetary Fund (IMF) and World Bank began the Heavily Indebted Poor Countries Initiative in 1996 to help the world’s poorest countries clear billions of dollars of unsustainable debt.
However, Africa is facing another potential debt crisis, with around 40 percent of low-income countries in the region now in debt distress or at high risk of it, according to an IMF report released a year ago.
Wang said the world should respect Africa.
“The African continent is the independent homeland for the 1.4 billion people of Africa, not a sphere of influence for any major country,” he said.
Latest Stories
-
Edem warns youth against drug abuse at 9th Eledzi Health Walk
49 minutes -
Suspension of new DVLA Plate: Abuakwa South MP warns of insurance and public safety risks
1 hour -
Ghana’s Evans Kyere-Mensah nominated to World Agriculture Forum Council
2 hours -
Creative Canvas 2025: King Promise — The systems player
2 hours -
Wherever we go, our polling station executives are yearning for Dr Bawumia – NPP coordinators
2 hours -
Agricultural cooperatives emerging as climate champions in rural Ghana
3 hours -
Fire Service rescues two in truck accident at Asukawkaw
3 hours -
Ashland Foundation donates food items to Krachi Local Prison
3 hours -
Akatsi North DCE warns PWD beneficiaries against selling livelihood support items
3 hours -
Salaga South MP calls for unity and peace at Kulaw 2025 Youth Homecoming
5 hours -
GPL 2025/2026: Gold Stars triumph over Dreams in five-goal thriller
5 hours -
Ibrahim Mahama supports disability groups with Christmas donation
5 hours -
2025/26 GPL: Berekum Chelsea come from behind to beat XI Wonders 3-1
5 hours -
NACOC dismantles drug dens in Eastern and Greater Accra regions in ‘Operation White Ember’
6 hours -
GPL 2025/26: Aduana fight from two goals down to draw against Young Apostles
6 hours
