China stops short of Africa debt relief, pledges cash

[Pelican Press 0]

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China stops short of ******* debt relief, pledges cash

China has stopped short of providing the debt relief sought by many ******** countries, instead pledging 360 billion yuan ($A76 billion) across three years in credit lines and investments.

The Forum for China-******* Cooperation (FOCAC) launched in 2000 took on an enhanced role after the 2013 inception of President Xi Jinping’s Belt and Road Initiative (BRI), which aims to recreate the ancient Silk Road for the world’s second-largest economy and biggest bilateral lender to *******.

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#China #stops #short #******* #debt #relief #pledges #cash

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