FM rejects false claims on China's African loans
Foreign Minister Qin Gang denied on Wednesday allegations by some foreign politicians and media that China's loans to African countries are creating "debt traps".
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Foreign Minister Qin Gang denied on Wednesday allegations by some foreign politicians and media that China's loans to African countries are creating "debt traps".
Peace in conflict-hit areas, mutual respect and pragmatic cooperation are high on the agenda of the visit to Ethiopia and the African Union's headquarters by Qin Gang, China's new foreign minister.
China and Angola are expected to deepen their economic and trade relations in infrastructure, energy and beyond, to create growth momentum for their businesses and spur global economic recovery, said market watchers and business executives.
CNOOC plans to ramp up oil and gas production in 2023 while advancing its transition to low-carbon and renewable energy.
CNOOC Limited said on Wednesday that it would raise its production target and capital expenditure budget for 2023, with 9 new projects expected to come on stream this year.