人人草人人-欧美一区二区三区精品-中文字幕91-日韩精品影视-黄色高清网站-国产这里只有精品-玖玖在线资源-bl无遮挡高h动漫-欧美一区2区-亚洲日本成人-杨幂一区二区国产精品-久久伊人婷婷-日本不卡一-日本成人a-一卡二卡在线视频

Commentary: China helping Africa build development track over debt trap

Source: Xinhua| 2018-09-11 14:59:29|Editor: ZX
Video PlayerClose

by Xinhua writer Shi Xiaomeng

BEIJING, Sept. 11 (Xinhua) -- It used to take more than 10 hours to travel from the Kenyan capital of Nairobi to the African country's major port city of Mombasa, whether by train on a colonial-era railway or by bus on the potholed highways.

Now with the China-built Madaraka Express, a 472-km standard gauge railway (SGR) put into operation in May last year, it is a breezy five-hour train ride between the pair of Kenyan hubs.

It is not just the commuters and tourists who are reaping the benefits. More importantly, the China-funded project, which epitomizes the Asian country's win-win partnership with Africa, is helping lay the track for Kenya -- and the broader continent -- to bypass the so-called "debt trap" and achieve self-reliance and sustainable development.

Commerce along the SGR is revving up, and the Kenyan economy is also getting a lift. The constructor of the modern railway, China Communications Construction Company, said in its 2017/2018 corporate social responsibility report that the SGR project has boosted Kenya's GDP by some 1.5 percent, a prediction Kenyan President Uhuru Kenyatta made in 2015.

In addition, by creating tens of thousands Kenyan jobs, significantly reducing logistic costs and facilitating an upgrade in the local workforce's skills, it has helped the African country firm up the foundation for future growth, which is essential to repaying the debt from development financing.

These facts stand as eloquent testimony to the commitment of the world's largest developing country to cementing its equality-based, mutually beneficial partnership with the continent with the largest number of developing countries, and give the lie to allegations that China is ensnaring African countries in predatory debt.

Indeed, Chinese investment in Africa has been rising notably over recent years. At the end of 2009, the total sum was 93.3 billion U.S. dollars. Now it is more than 100 billion dollars, covering almost every single country on the continent. And as China-Africa cooperation grows broader and deeper, the Asian country has become an important source of financing for African nations thirsty for funds to fuel their development.

But that in no way means China is luring any country into any kind of "debt trap." Few would disagree that funding is the lifeblood of development. China has been infusing badly needed blood into Africa's development. And by building infrastructure and improving Africa's labor force, it will eventually help the young continent create enough of its own blood cells to sustain healthy development.

A closer look at Africa's debt picture also helps prove that such accusations are pure fabrication. For starters, Africa owes far more debt to Western countries and institutions than to China.

According to a study by the China Africa Research Initiative at the Johns Hopkins University School of Advanced International Studies, China provided 114.4 billion U.S. dollars in loans to Africa from 2000-2016, which accounted for a mere 1.8 percent of Africa's total external debt. Today, around 36 percent of African debt is owned by the International Monetary Fund and the World Bank.

Secondly, Chinese loans are mostly concessional, with long maturities and low interest rates. They are primarily aimed at helping power the continent's economic take-off and long-term development, rather than pursuing short-term steep returns.

Thirdly, Africa's debt issue is to some extent overblown. Although it is certainly right to be cautious, it is unnecessary and counterproductive to exaggerate it.

According to a UN report released in April, the average debt-to-GDP ratio among the countries of Africa is 32 percent. In comparison, the index in some developed countries and emerging-market economies is 70 percent to 80 percent; in Japan it is a whopping 250 percent.

Thus there is no need to scare the countries of Africa away from reasonable borrowing, especially from lenders like China. The Asian country understands Africa's needs better than most because of similar historical development phases, attaches no political strings to its loans, and treats African countries as equals.

Given that, these "debt trap" assertions are either ill-informed or ill-intended. They might make headlines in some newspapers, but they have no market among those with clear eyes and sober minds.

At the 2018 Beijing summit of the Forum on China-Africa Cooperation (FOCAC) held last week, African leaders dismissed claims of a debt trap. South African President Cyril Ramaphosa said FOCAC "refutes the view that a new colonialism is taking hold in Africa, as our detractors would have us believe." Rwandan President Paul Kagame, who also holds the rotating chair of the African Union, said the "debt trap" hype is an attempt to discourage Africa-China interaction.

Thus it is time to stop smearing China-Africa cooperation. Should those finger-pointers really care about Africa's future, they need to abandon their bias and join China to help the land of hope -- with good faith and concrete action -- to chase its development dream.

China is Africa's true development partner. As Chinese President Xi Jinping said at the FOCAC summit, not only has China always respected and supported Africa, but it also welcomes and backs all initiatives that meet the continent's interests.

Without a doubt, Africa will, with sincere and strong support from China and the broader international community, be able to manage its balance sheet and create its own economic miracle.

KEY WORDS:
EXPLORE XINHUANET
010020070750000000000000011100001374605521
主站蜘蛛池模板: 最好看的mv中文字幕国语电影 | 天堂网一区 | wwwxxx日本免费 | 在线亚洲+欧美+日本专区 | 91理论片午午伦夜理片久久 | 国产精品久久久久电影 | 国产在线视频不卡 | 伊人伊人伊人 | 大尺度做爰啪啪床戏 | 无码黑人精品一区二区 | 波多野结衣理论片 | 日本二三区 | 在线观看av的网站 | a√天堂资源 | 麻豆国产原创 | 亚洲第二色 | 日本公与丰满熄 | 国产精品久久久久久亚洲影视 | 成人午夜精品无码区 | 精品成人久久 | 97超碰站 | 日本福利社 | 亚洲1234区| 在线观看你懂的视频 | 在线永久看片免费的视频 | 欧美成人一区二区三区高清 | 日日操视频 | 一区二区三区日 | 免费无码肉片在线观看 | 修仙淫交(高h)h文 | 日本伊人久久 | 黄色专区| 国产美女av| 亚洲天堂社区 | 欧美激情精品久久久久久免费 | 精品国产aⅴ一区二区三区四川人 | 欧美自拍视频 | 亚洲乱码国产乱码精品精98午夜 | freesex性hd公交车上 | av不卡免费在线观看 | 草草影院最新网址 | 无码一区二区三区视频 | 蜜桃视频免费网站 | 夜夜骑天天干 | 黄网址在线观看 | 成年人黄色网址 | 国产精品男同 | 黄色片a级| 欧美性xxxx图片 | 噜噜噜视频 | 91视频免费 | 日批视频免费观看 | 狠狠做| 久久国产视频网站 | 国产精品国产三级国产普通话对白 | 冲田杏梨一区二区三区 | 日本乱码视频 | 激情区| 欧美激情专区 | 日本欧美一区 | 91视频网址入口 | 午夜精品一区二区三区在线播放 | 国产黄色在线观看 | 日韩成人自拍 | 日韩在线| av手机观看| www香蕉视频| 久久观看最新视频 | 又黄又色又爽的视频 | 国精产品一品二品国精品69xx | 国产精品成熟老女人 | 欧美亚洲日本国产 | 性感美女在线 | 奇米影视第四色888 800av在线视频 | 久久久二区 | 成人免费毛片嘿嘿连载 | 久草久热 | 福利视频第一页 | 日本大尺度电影免费观看全集中文版 | 亚洲你懂的 | 新x8x8拨牐拨牐永久免费影库 | 一区二区三区四区av | 色啪网站 | 丰满人妻熟女aⅴ一区 | 国产99久久久国产精品成人免费 | 天天插夜夜 | 91色在线播放 | 亚洲理论在线 | 欧美日韩成人网 | 蜜桃视频在线观看免费视频网站www | 亚洲免费在线播放 | 给我免费观看片在线电影的 | 国产又粗又黄又爽又硬 | 成年人免费网站视频 | 蜜臀在线观看 | 亚洲精品成a人 | 免费无遮挡网站 | 四虎影酷| 天天网综合 |