Loading...

China blasts US for warning Nigeria, others over its loans - Hallo friendsBreaking News Today, In the article you read this time with the title China blasts US for warning Nigeria, others over its loans, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article culture, Article News, Article politics, Article sports, We write this you can understand. Alright, good read.

Title : China blasts US for warning Nigeria, others over its loans
link : China blasts US for warning Nigeria, others over its loans

China blasts US for warning Nigeria, others over its loans

Mr Zhao Linxiang, the Economic and Commercial Counsellor at the Chinese Embassy in Nigeria, on Friday in Abuja said the US position on Chinese loans to Nigeria and African countries “is ridiculous”.

The US Secretary of State, Rex Tillerson, had said on Thursday that African countries should be careful not to forfeit their sovereignty when they accept loans from China.

Tillerson, who is on his first diplomatic trip to the continent, also said Chinese investments “do not bring significant job creation locally”.

He further criticised how Beijing structured loans to African governments.

Reacting, Zhao, at a news briefing in Abuja, said the Chinese loans to Africa were aimed at implementing major China-Africa cooperation projects and promoting sustainable development in the continent.

He explained that African countries had begun accessing the loans and implementing planned projects.

“African people should know the role the Chinese loans play in your economy. That is the most important thing.

“Except the Chinese Government, which other government provides loans to African countries without critical conditions? No Western country does that.

“How can they say they suspect Chinese loans. It is ridiculous. Without funds, how can you develop a country?

“At the beginning of our opening up to the world, 30 or 40 years ago, we opened our doors to other countries and we borrowed from other countries,” Zhao said.

The envoy added that China-Africa relations allowed for win-win benefits for both parties.

Thus Article China blasts US for warning Nigeria, others over its loans

That's an article China blasts US for warning Nigeria, others over its loans This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article China blasts US for warning Nigeria, others over its loans with the link address https://newstodaysup.blogspot.com/2018/03/china-blasts-us-for-warning-nigeria.html

Tweet

Subscribe to receive free email updates: