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Investment creates hope, not debt trap

By Zhang Zhengfu | China Daily | Updated: 2018-09-05 08:33

Claims that China's investment in Africa is creating a debt crisis are misleading and false.

It is a fact that China has been investing more and more on the continent, up nearly 40 times since 2003.

However, it is irresponsible to exaggerate Africa's debt problem in the first place. In statistical terms, the overall debt level of African countries is nothing compared with some developed economies.

Investment creates hope, not debt trap

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