{"id":42206,"date":"2023-03-06T22:30:23","date_gmt":"2023-03-06T22:30:23","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/china-commits-to-easing-africa-debt"},"modified":"2023-03-07T09:19:00","modified_gmt":"2023-03-07T09:19:00","slug":"china-commits-to-easing-africa-debt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/china-commits-to-easing-africa-debt","title":{"rendered":"China commits to easing Africa debt"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>The Chinese government has reiterated its position on easing Africa\u2019s debt to help the continent\u2019s nations ease their burden and shore up their economies.<\/p>\n

The remarks come barely a week after Chinese Ambassador to Malawi Long Zhou and Minister of Finance Sosten Gwengwe signed a $5 million partial debt cancellation facility for Malawi.<\/p>\n

Speaking during a press conference on Saturday, ahead of the National People\u2019s Congress (NPC) annual session in Beijing, the session\u2019s spokesperson, Young Chao, also dismissed claims that his country is in the business of creating \u201cdebt traps\u201d.<\/p>\n

He indicated that, according to World Bank statistics, three quarters of Africa\u2019s debt is to multilateral financial institutions and commercial banks and not China.<\/p>\n

\u201cChina has been working hard to help Africa ease the debt burden and has taken an active part in the debt service suspension initiative under the G20 as well as handling individual cases,\u201d Wang told local and international journalists that attended the conference.<\/p>\n

Nevertheless, he highlighted the need for China and Europe to work on two-way investments and join hands in tackling challenges besetting the world. Wang added that, this far, there are no fundamental strategic disagreements between the two sides.<\/p>\n

The 14th NPC, which is China\u2019s top legislature, opened its first session on Sunday and is expected to come to an end on March 13 this year, having brought together 2,977 deputies.<\/p>\n

Agendas during the session include a review of annual work reports of the central government, the Supreme People\u2019s Court and the NPC Standing Committee.<\/p>\n

According to Wang, the deputies to the NPC are from diversified districts, sectors and ethnic groups, with people from the grassroots taking a great share of the list.<\/p>\n

Speaking to journalists in Malawi last week, during the signing of the partial debt cancellation, the Chinese Ambassador to Malawi disclosed that his country had waived 23 interest-free loans for 17 African countries.<\/p>\n

As at December 2021, the People\u2019s Republic of China was Malawi\u2019s fourth top external creditor, owed about $249.23 million. The country has been assisting African countries with several development projects both in the form of loans and grants.<\/p>\n

Since establishing diplomatic ties with Malawi, China has funded remarkable development projects in Malawi. The projects include the Karonga-Chitipa Road, Bingu National Stadium, the Parliament Building in Lilongwe and the Malawi University of Science and Technology in Thyolo District.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. The Chinese government has reiterated its position on easing Africa\u2019s debt to help the continent\u2019s nations ease their burden and shore up their economies. The remarks come barely a week after Chinese Ambassador to Malawi Long Zhou and Minister of Finance Sosten Gwengwe signed a $5 million partial debt cancellation facility for […]<\/p>\n","protected":false},"author":84,"featured_media":42205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,410],"tags":[233,371,5443,234,5940],"class_list":["post-42206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-to-homepage","tag-africa-press","tag-africa-press-malawi","tag-long-zhou","tag-malawi","tag-national-peoples-congress"],"yoast_head":"\nChina commits to easing Africa debt - Malawi<\/title>\n<meta name=\"description\" content=\"The Chinese government has reiterated its position on easing Africa\u2019s debt to help the continent\u2019s nations ease their bu ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-commits-to-easing-africa-debt\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China commits to easing Africa debt\" \/>\n<meta property=\"og:description\" content=\"The Chinese government has reiterated its position on easing Africa\u2019s debt to help the continent\u2019s nations ease their bu ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-commits-to-easing-africa-debt\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-06T22:30:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-07T09:19:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2023\/03\/postQueueImg_1678129284.69.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"862\" \/>\n\t<meta property=\"og:image:height\" content=\"661\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-commits-to-easing-africa-debt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-commits-to-easing-africa-debt\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"China commits to easing Africa debt\",\"datePublished\":\"2023-03-06T22:30:23+00:00\",\"dateModified\":\"2023-03-07T09:19:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-commits-to-easing-africa-debt\"},\"wordCount\":409,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-commits-to-easing-africa-debt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2023\/03\/postQueueImg_1678129284.69.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Long Zhou\",\"Malawi\",\"National People\u2019s Congress\"],\"articleSection\":[\"all news\",\"economy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-commits-to-easing-africa-debt#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-commits-to-easing-africa-debt\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/china-commits-to-easing-africa-debt\",\"name\":\"China commits to easing Africa debt - 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