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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » China suspends debt repayment for 77 developing countries

China suspends debt repayment for 77 developing countries

+2
Teller
ChooBoy
6 posters

Go down  Message [Page 1 of 1]

ChooBoy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

BEIJING: China has suspended debt repayment for 77 developing countries as part of its efforts to help underprivileged nations in the fight against Covid-19.

However, it did not reveal the nations that would be benefitting from this move.

Chinese Vice Minister of Foreign Affairs, Ma Zhaoxu, made the announcement at a press conference where the country also issued a white paper on its war against the coronavirus.

The white paper, titled “Fighting Covid-19: China in Action”, was issued by the nation’s State Council Information Office on Sunday (June 7).

It recorded the country’s efforts in combating against the pandemic while sharing its experience with the world.

Ma revealed that the country had so far provided assistance to over 150 nations in various forms, including dispatching their medical experts out.

“When we were at our most difficult time, more than 170 world leaders, over 50 heads of international organisations and 300-over political parties sent their regards and support to us.

“A total of 77 nations and 12 international organisations donated items for us to combat the virus while people from all over the world showed their support for China in various forms.

“We will not forget this precious friendship,” he said.

Ma also refuted claims that China’s relationship with other countries were affected by the negative sentiments brought by the pandemic.

(The Star)

Teller

Teller
Moderator
Moderator

They have to fully cut the debt fore ever, china is responsible for this pandemic. They are the virus nation . Unfortunately our rulers are worshiping to them

engineer


Manager - Equity Analytics
Manager - Equity Analytics

Have the names of the countries been published?

celtic tiger


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Teller wrote:They have to fully cut the debt fore ever, china is responsible for this pandemic. They are the virus nation . Unfortunately our rulers are worshiping to them

America is our biggest exporter and current super power,China is our biggest investor ,creditor and next super power so clearly we need both of them . best thing for sri lanka is to fallow the middle path as GAUTAM BUDDHA said.

Equityinvestor


Manager - Equity Analytics
Manager - Equity Analytics

Teller wrote:They have to fully cut the debt fore ever, china is responsible for this pandemic. They are the virus nation . Unfortunately our rulers are worshiping to them

I also think this is not the way. As celtic tiger has said, we need China most since we are in the debt trap of china. I think JR's stand during japan peace treaty in 1952 would be the best here as well.

samaritan


Moderator
Moderator

The crisis that caused damage has also opened a window of opportunity for SriLanka. The Govt dealt with the crisis successfully and now its all about how well we make use of the opportunity.

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