Browsing: Wang Yi

China, the continent’s largest bilateral lender, released 17 African nations from their obligation to repay 23 interest-free loans due in 2021.

The circumstances surrounding the most recent relief effort reaffirm China’s intention for Africa to consider the Asian power its preferred long-term development partner.

  • China, the continent’s largest bilateral lender, released 17 African nations from their obligation to repay 23 interest-free loans due in 2021
  • The recent relief effort reaffirms China’s desire to be Africa’s long-term development partner
  • Between 2000 and 2020, Chinese financiers and African governments signed 1,180 loan commitments totalling US$160 billion, according to China Africa Research Initiative(CARI)

China’s foreign minister, Wang Yi, stated, “in the face of a variety of hegemonic and bullying activities”

It’s possible that he was referring to the recent acrimonious trip that Nancy Pelosi, speaker of the House of Representatives in the United States, took to Taiwan.

An address given to Chinese and …