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Kenyan president rejects China loans create 'debt trap'
November 05,2018   By:Xinhua
Nov.5,2018-- The Kenyan president's rejection of foreign media criticism regarding Nairobi's debt burden confirms that countries receiving aid and other forms of support are in the best position to judge China's cooperation with the African continent, an analyst said.
 
Asked in a CNN interview on Oct 26 whether he worries about rising loans from China, Kenyan President Uhuru Kenyatta questioned why the focus was on one particular lender while Kenya also receives funds from other states and organizations.
 
Kenya has a very healthy mix of debt from various lenders in addition to China, including the United States, Japan and France, as well as the World Bank and the African Development Bank, he said. Kenya has its own development agenda, he said, and is willing to partner with all countries that help it achieve its objectives.
 
"Such objective remarks affirm the cooperation between China and Kenya," said Zhang Xiaomin, an associate professor of international relations at Beijing Foreign Studies University.
 
China's foreign financing support is based on recipients' needs and local conditions, and focuses on capacity building in those countries, Zhang said, adding that the efficiency and influence of the cooperation with China is obvious to all.
 
Foreign media's dwelling on the "debt trap" is biased and demonstrates that they lack objective understanding of China's cooperation with developing countries, he added .
 
State Councilor and Foreign Minister Wang Yi, visiting Papua New Guinea, rebutted on Wednesday claims that China's aid for Pacific countries was a burden.
 
During the joint news conference with PNG Foreign Minister Rimbink Pato, Wang said that China's foreign aid is carried out on the basis of equality, mutual benefit, openness and sustainability.
 
China's aid for Pacific countries represents mutual support and assistance between developing countries, and is an important part of South-South cooperation, Wang said.
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