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Never compelled anyone to…: China on bailing out 22 countries with loans

China denies ever forcing nations to accept loans or attaching political conditions to such deals, in response to a report stating China bailed out 22 developing countries.

Published on: Mar 28, 2023, 13:50:44 IST
ReutersPosted by
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China has never compelled countries to take its loans, or ever attached political strings to such agreements or sought political self-interest, the foreign ministry said on Tuesday.

Spokesperson Mao Ning made remarks responding to a question on China spending $240 billion bailing out 22 developing countries. (Twitter)
Spokesperson Mao Ning made remarks responding to a question on China spending $240 billion bailing out 22 developing countries. (Twitter)

Also Read: China loans to Pak, Lanka and other nations worth $240bn in 2 decades: Report

Spokesperson Mao Ning made the remarks when responding to a question on a study which shows China spent $240 billion bailing out 22 developing countries between 2008 and 2021 via "Belt & Road" initiatives.