China vows ‘bigger contribution’ in helping poor countries, with an emphasis on profitable infrastructure projects

Apr 20, 2021 | INVESTING

China is making it clear that it will honour the Group of 20’s debt-suspension scheme it endorsed last year, but Beijing is reluctant to respond to Western suggestions about debt restructuring for struggling developing nations.While promising a “bigger contribution” in helping poor countries achieve financial sustainability, vice-minister of commerce Qian Keming said that China will focus on infrastructure projects that can generate returns for participating countries.“We definitely didn’t…

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