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Guo Weimin, spokesperson of the second session of the 13th National Committee of the Chinese People’s Political Consultative Conference, at the press conference held on March 02, at the Great Hall of the People in Beijing. Guo Weimin, spokesperson of the second session of the 13th National Committee of the Chinese People’s Political Consultative Conference, at the press conference held on March 02, at the Great Hall of the People in Beijing.
Mar 02, 2019

‘China debt trap narrative doesn't make any sense’

The ‘Chinese Debt Trap’ narrative does not ‘make any sense’, a spokesperson of China’s top political advisory body says.

Spokesperson of the second session of the 13th National Committee of the Chinese People Political Consultative Conference (CPPCC)- Mr. Guo Weimin said thus during a pre-session press briefing held at the Great Hall of the People in China, Beijing earlier today (02).

Noting that the Belt and Road Initiative (BRI) which has expanded to several regions of the world are widely welcomed and recognised by the international community, he said that debt programmes in some countries are complicated and Chinese loans are only a small percentage of their total debt. Therefore, ‘it doesn't make any sense’, he added.

During the press conference, it was also noted that the BRI is attracting more countries and more countries are becoming China's friends.

With the increased number of Chinese funded projects being initiated in Sri Lanka, it has been widely speculated during recent times that the island nation is gradually falling into a Chinese debt trap.

Today's media conference was covered by many local and foreign journalists and tomorrow, China will commence the "Two Sessions" - the annual plenary session of the CPPCC and the National People's Congress (NPC), the supreme organ of state power.

(Report / Pics - Shanika Jayasekara reporting from Beijing)

eZy Watermark 02 03 2019 06 16 22PM

eZy Watermark 02 03 2019 06 17 22PM

eZy Watermark 02 03 2019 06 17 56PM

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