What Chinese President Told Buhari About 'Playing Politics'
There is a flurry of Chinese investments across Africa, and almost all of them are on debt.
But Chinese president, Xi Jinping is saying not to worry about it, China just loves Africa.
“There are no political strings attached,” Xi told President Buhari, other Africa leaders and business leaders attending the two-day China-Africa summit in Beijing.
It became important for Xi to make that statement as Beijing is increasingly criticised over its debt-heavy projects abroad, including Africa.
Xi spoke before the start of a two-day China-Africa summit that is expected to focus on his cherished Belt and Road initiative, a global trade infrastructure programme, Reuters reports.
The massive scheme is aimed at improving Chinese access to foreign markets and resources and boosting Beijing’s influence abroad.
It has already seen China loan billions of dollars to countries in Asia and Africa for roads, railways, ports and other major infrastructure projects.
But critics warn that the Chinese leader’s pet project is burying some countries under massive debt.
“China does not interfere in Africa’s internal affairs and does not impose its own will on Africa,” Xi said.
“China’s cooperation with Africa is clearly targeted at the major bottlenecks to development. Resources for our cooperation are not to be spent on any vanity projects, but in places where they count the most,” he added.
But Xi admitted that there was a need to look at the commercial viability of projects and make sure preparations are made to lower investments risks and make cooperation “more sustainable”.
Belt and Road, Xi said, “is not a scheme to form an exclusive club or bloc against others. Rather it is about greater openness, sharing and mutual benefit.”
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