China waived debt for 17 African countries to argue against western bullying

Posted on AllSides August 24th, 2022
From The Center
REUTERS

China, Africa’s largest bilateral lender, waived debt owed by 17 countries in the continent for 23 interest-free loans that were due in 2021.

The context of the latest relief reinforces China’s intention for Africa to consider the Asian power its preferred long-term development partner, especially “in the face of the various forms of hegemonic and bullying practices,” Wang Yi, China’s foreign minister, said. That may have been a reference to the recent contentious visit by US House of Representatives speaker Nancy Pelosi to Taiwan.

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