Is Africa turning out to be the new battlefield of US-China trade war? Is this a "debt trap" that the benefited countries could only repay by political support?
Action Talkback: China's $60 billion to Africa, who is to pay the price?
Angola's President Joao Lourenco meets Chinese President Xi Jinping. Source: AP
Chinese President Xi Jinping offered another $60 billion in financing for Africa on Monday and wrote off some debt for poorer African nations, while warning against funds going toward “vanity projects”.
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