Ministry of Foreign Affairs: The so -called "Chinese debt trap theory" is a "discourse trap" created

Xinhua News Agency, Beijing, July 14 (Reporter Zhu Chao) Foreign Ministry spokesman Wang Wenbin pointed out in questions from African debt questions on the 14th that the so -called "Chinese debt trap theory" is just those who do not want to see developing countries such as China and Africa Cooperation to accelerate the "discourse trap" created by the forces.

At the regular press conference on that day, a reporter asked: Recently, the British charity "debt justice" issued a report, quoting data from the World Bank, International Monetary Fund Organization and other institutions. Two times the debt, the interest rate is twice that of China, and it is called on Western countries to urge private financial institutions to participate in the Twenty Group's Group Slow Debt Initiative. What is China's comment?

Wang Wenbin said that according to World Bank data, in the 49 African countries with data, a total of 696 billion US dollars of foreign debt, borrowed from multilateral financial institutions and private financial institutions (excluding China, the same below) three. A survey of "debt justice" on African countries with the highest debt burden showed that the medium numbers of debt repayments from private financial institutions and multilateral financial institutions in the next 7 years were 32%and 35%, respectively. The average loan interest rate of western private financial institutions is almost twice the loan interest rate of Chinese financial institutions.

"It turns out that the so -called 'Chinese debt trap theory' is just the 'discourse trap created by the forces created by developing countries such as China and Africa to accelerate development." Wang Wenbin said that as the person in charge of "debt justice" pointed out As in the same way, "the West has blamed the African debt crisis in China, which is moving attention. In fact, their own banks, asset management companies and oil dealers are much greater."

"We call on developed countries and their private financial institutions and international multilateral financial institutions to adopt more powerful action to provide funding support for developing countries and alleviate debt burdens to help the world economy to achieve tolerance and sustainable development." Wang Wenbin said.

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