News Snapshot:
China’s Foreign Minister Wang Yi on Thursday rejected suggestions that Beijing was luring African countries into debt traps by offering them massive loans, dismissing the idea as a “narrative” pushed by opponents to poverty reduction. Wang, speaking ahead of touring Beijing-funded infrastructure projects in Kenya, said China’s considerable lending to Africa was “mutually benefiting” and not a strategy to extract diplomatic and commercial concessions. “That is simply not a fact. It is speculation being played out by some with ulterior motives,” he told reporters in the Kenyan port city of Mombasa. “This is a narrative that has been created by...
