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Lack Of Cooperation Hinders China's Debt Relief To Africa – Channels Television - Vimarsana News

Lack Of Cooperation Hinders China's Debt Relief To Africa – Channels Television

  China last month joined other members of the G20 in agreeing to suspend interest payments on all loans owed by dozens of low-income countries, in a bid to ease pressure on developing economies ravaged by the coronavirus pandemic. Most of those nations are in Africa and getting China onboard was considered something of a coup for the G20. But there are some reservations about how far China will really deliver on its side of the deal. What is the G20 agreement? The world’s top economies agreed last month to suspend interest payments on all official loans owed by 73 low-income countries —...

How China is changing and what it means for its economy - Vimarsana News

How China is changing and what it means for its economy

14 December 2020 Author: Editorial Board, ANU For most Chinese, the Spring Festival of 2020 is one they’ll never forget. The holiday began as normal, with hundreds of millions travelling back to their hometowns to celebrate the lunar new year. But the country came to a standstill after 23 January, when the Chinese government locked down the city of Wuhan, the epicentre of a novel coronavirus outbreak, and implemented stringent travel restrictions and lockdowns across the country. COVID-19 has spotlighted the importance of China’s ascendance in global affairs like no other event. The respo...