Tag: China

  • Amaechi reacts as DMO releases details of loans Nigeria obtained from China

    Amaechi reacts as DMO releases details of loans Nigeria obtained from China

    The Debt Management Office (DMO) has released the details of the status of loans Nigeria obtained from the Export-Import (EXIM) Bank of China as at March 31, 2020.

    The projects listed in the document released by DMO are the Nigerian National Public Security Communication system Project, the Nigerian Railway Modernization Project (Idu- Kaduna section) and Abuja Light Rail Project.

    Others are the Nigerian ICT Infrastructure Backbone Project, Nigerian Four Airport Terminal 5 Expansion Project (Abuja, Kano, Lagos & Port Hacourt), Nigerian Zungeru Hydroelectric Power Project, and Nigerian 40 Parboiled Rice 7 Processing Plants Project (Fed. Min. of Agric & Rural Dev.)

    More are the Nigerian Railway Modernization Project (Lagos Ibadan section), Nigeria Rehabilitation and 9 Upgrading of Abuja – Keffi Makurdi Road. Project, Nigeria Supply of Rolling Stocks and 10 Depot Equipment for Abuja Light Rail Project and Nigeria Greater Abuja Water Supply Project.

    According to the release, a total of USD3 billion has been released by the EXIM Bank of China to Nigeria. However, it showed that no amount has been disbursed for Nigerian 40 Parboiled Rice 7 Processing Plants Project (Fed. Min. of Agric & Rural Dev.), Nigeria Supply of Rolling Stocks and 10 Depot Equipment for Abuja Light Rail Project and Nigeria Greater Abuja Water Supply Project.

    DMO releases details of loans Nigeria obtained from China
    DMO releases details of loans Nigeria obtained from China

    Meanwhile, the Minister of Transportation, Rotimi Amaechi says Nigerian government has the capability to pay back loans collected for the construction of rail projects within the stipulated period of 20 years.

    Amaechi, in a statement on Saturday, said China was the only country giving out loans with a low interest rate of 2.8 per cent.

    He said no country in the world would give out a loan without a guarantee to pay back such loans.

    “The trade agreement between Nigeria and China, the ministry of transportation does not take loan, everything about loan is directed to the Ministry of Finance, so, I couldn’t have signed any loan because I don’t take loan.

    “What I signed is what is called commercial contract, which is contract between the Federal Government and CCECC as a contractor, the contract between Nigeria and China is usually signed by the ministry of finance.

    “Whether is the ministry of finance that signed it or the ministry of transportation, the issue is that nobody will give you loan free of charge.

    “There must be an agreement and such agreement must contain some terms, that doesn’t mean that you are signing away the sovereignty of the country, no country will sign out its sovereignty.

    “What clause 8 says is, I expect you to pay according to those terms we have agreed, if you don’t pay, don’t throw your immunity on me when I come to collect back the guarantee that was put forward, that is all.

    “We are paying the loans. In the same National Assembly sitting, they were told that of the 500million dollars loan, we have paid 96 million dollars already, Nigeria is already paying.

    “And the 500 million dollars was not taken by us, it was taken by President Goodluck Jonathan in his term and that clause was there.

    “Nigeria has the capacity to pay back for the period of 20 years at 2.8 per cent, which country will give you that loan? Secondly, these loans are not given to us, they are paid directly to the contractors.

    “Once they sign that the job has been done, they pay the contractors and that has never happened before and this project are in place. Are they trying to rubbish the fact that there is a railway from Abuja-Kaduna?

    “There is no loan in Nigeria, either internal or external that is not approved by the National Assembly, none.

    “Chinese government will not even give you a loan without an approval by the National Assembly because if they give you a loan without the approval from NASS that is no loan,” Amaechi explained.

    The minister further said the government needed the loans to boost infrastructure in the country.

    According to him, the sovereign guarantee and sovereign immunity clause raised by the NASS is a term used to ensure that loans collected are paid back.

    The minister said in the case of a default, only the assets constructed with such a loan would be taken back.

    He said: “What you do is you give a sovereign guarantee and that guarantee is the immunity clause they are talking about.

    “When we say, I give you a sovereign guarantee and we get immunity clause, the immunity clause is that, if tomorrow I am not able to pay and you come to collect the items we have agreed upon, that these are the items that am putting down as guarantee, I can waive my immunity and say no you can’t touch it am sovereign country.

    “So, they are saying, if you are not able to pay, don’t stop us from taking back those items that will make us recover our funds. So, is China our father that will give us money for free?

    “It is a standard clause in every agreement whether is America we signed it with, whether is Britain, any country would want to know that they can recover their money.

    “Anybody that is saying he doesn’t know what a sovereign guarantee or immunity is, too bad for the person, because it simply means in trade that I am not giving you this loan free of charge.

    “Just like you go to the bank to collect a loan, the moment you don’t pay they go after your assets you put down, that is all about the clause, the Chinese can never come and take over Aso rock and become President or Minister.

    ”And if the assets you put down become depreciated then you negotiate which assets they can go after. Chinese will never take over what was not constructed with the loan.”

    Amaechi noted that it would be unconstitutional to take a loan not approved by the NASS, but for confidentiality in government he would have published the clauses generating the dusts.

    The minister while asking the reason for the investigation by the NASS added that they were aware of all the loans.

    He said:” The Chinese is just asking us to show them the evidence that we will pay back, which is the immunity clause. If we don’t pay, they can take back their assets.”

    On the Zambia experience, where the country could not meet up with its loan agreement, the minister said that the Chinese government will never take over infrastructure that was not constructed from the money taken.

    He also acknowledged that the finance ministry in a payment plan had started paying back some of the loans collected.

    He said the payment plan was the responsibility of the ministry of finance, and the Ministry of transportation was supposed to implement the contract.

    “They are meeting the requirements, at any point in time that we need to pay, we’ll pay. 1.6 billion dollars was taken to fix Lagos to Ibadan, we are asking for 5.3 billion dollars to fix from Ibadan to Kano.

    “3.2 billion dollars to fix Port Harcourt to Maiduguri, then Lagos to Calabar which is about 11.1billion dollars, if those things were done when we had money, the infrastructure will be here today? The answer is no,” Amaechi added.

    The minister, however, called on the National Assembly and Nigerians to appreciate government effort in providing infrastructure in the country.

    Amaechi noted that the Itakpe/Warri rail project in the South South, which was abandoned for thirty four years by successive governments was fully rehabilitated by the present administration without seeking for loan.

  • American Wonder, Chinese Magic – Chidi Amuta

    Chidi Amuta

    The architecture of a new world order may just be sketching its untidy outlines. Today’s axis of strategic equilibrium is a deformed triangle with two and half sides. The two sides are the United States versus China with a supporting undefined half role for Vladimir Putin’s neo-Tsarist Russia.

    But by far the more consequential axis of a relevant engagement or even possible confrontation is the Washington-Beijing axis.

    The original episodes of sporadic friction between the United States and China over trade could have been passed off as an offshoot of Donald Trump’s bullish economic nationalism.

    But lately, matters have spilled over into the treacherous territory of conflicting claims of national security infringements by both sides. This is where diplomatic showmanship ends and toying with unintended strategic accidents begins.

    Perhaps it is fortuitous that less than 100 days to the US presidential election, relations between the two major contending global powers is assuming a more gritty texture. From frequent squabbles over trade and tariffs, the rhetoric of rivalry has included conspiracy theories over the origins and itinerary of the corona virus as well as the politics and international economic implications of its spread. Only last week, the unease degenerated into reciprocal diplomatic bad behavior and even outright nastiness.

    The US shut down the Chinese consulate in Houston, Texas and sent the diplomats there packing home. In a toned down disproportionate reciprocity, the Chinese closed the US Consulate in the south western city of Chengdu. Given the very temperamental disposition of today’s White House, the possibility that there will be more drama in relations in the days ahead can be expected.

    The ramping up of tension between Washington and Beijing falls squarely into the predictable diplomatic habit of the United States. American foreign policy and domestic politics always need an external adversary to animate them and conveniently divert attention from serious worries at home. When there is no enemy in the horizon, Washington creates or simulates one. It is a rare stretch in American history when there is no adversary. It could be Chile under Salvador Allende or Libya under Muamar Ghaddafi. It could even be Manuel Noriega’s Panama or Nicolas Maduro’s Venezuela.

     

    The real underlying unease of the current situation is the possibility that for the first time in history, the outcome in two consecutive US presidential elections could be determined not by the power of American voters but possibly by the machinations and meddling of contending powers, namely, Russia (in 2016) and perhaps China (in 2020). Unlike in the Cold War years when Soviet subversion of US power took the shape of direct arms competition and ideological disinformation, the target today is the bedrock of America’s global credibility: its democratic foundation as embodied in the electoral process whose highest point is the election of the US president. The new instrument of choice is ironically information technology and cyber espionage, an area where the US ought to be the undisputed global leader.

     

    However, unease about the possibility of Chinese meddling in the forthcoming US presidential elections may be far fetched and could miss the point. It does not capture the entirety of what is at stake between Beijing and Washington. In many ways, Mr. Trump has merely put the inevitable confrontation with China on fast forward. Whether we like it or not, a face-off between the two powers remains permanently inevitable. The only way that the US can maintain its present hegemony is by sabotaging China’s economy or distracting China diplomatically just to frustrate or delay China’s imminent prevalence.

     

    Correspondingly, China’s road to global pre-eminence can only lead through rapid economic ascendancy and constantly feeding off America’s known vulnerabilities, namely, its appetite for credit driven consumerism and new found incremental retraction from the global stage. In every sense, then, both powers are feeding off each other’s present vulnerabilities and weaknesses.

     

    The United States is busy with a public health pandemic with equally apocalyptic economic consequences. It has had added to its plate a far reaching social and historical civil unrest. Fired by Trumpian divisiveness, America’s long standing and systemic anti black racism has returned to haunt it. All these are happening hot in an election year in which America’s first populist demagogue and elected autocrat is seeking re-election. Modern democracy has never faced a more grave existential test and threat in its best exhibition place.

     

    For China, this may indeed be the season of the ‘good cat’. As the late Deng Xiaoping, author of China’s liberalization and opening up once remarked: ‘It doesn’t matter if it is a white cat or a black cat. As long as it catches mice, it is a good cat.” Therefore, while the United States is busy with its major existential complications, China has literally gobbled the hitherto autonomous province of Hong Kong after 22 years of semi autonomy and relative freedom.

     

    A draconian national security legislation has been drafted overnight and decreed into effect from behind closed doors to make Hong Kong a legal part of mainland China’s communist dictatorship. A new regime of restrictive laws against free speech and assembly have been pushed into effect, making misdemeanors like riding a motor bike with signs that demand freedom for Hong Kong residents violations of national security. Those who breach the new legislation are likely to be repatriated to mainland China to be tried and viciously punished.

     

    In similar vein, Chinese troops have exchanged fire with Indian troops at their common border for the first time, ending 42 years of uneasy peace and diplomatic skirmishes on a testy border relationship. While America is busy, China has once again been flexing its military muscle in the South China Sea and frightening its Asian neighbours in what is clearly a neighbourhood scaremongering exercise. Similarly, Chinese authorities have tightened their repressive tactics around the ethnic Yuguirs whose freedoms are being curtailed through a less than transparent forced encampment policy. Clearly, China has defined its sphere of influence and signaled its global aspirations. It has the money, the demographic gravity and apparently a clearly defined foreign policy strategy to step into the yawning gap being created by America’s newfound isolationism and retreat into bullish nationalism.

     

    Prior to the current quagmire of health and economic pandemics in the United States, Donald Trump had embarked on a programme of serial dismantling of the post -World War II global order and its architecture of multilateralism and global co-operation on major challenges. He had taken the United States out of the Paris Climate Accord, the World Trade Organisation and very lately the World Health Organisation. He had similarly thrashed the Iran Nuclear agreement as well as major trade agreements. Even in the midst of the pandemic, he is threatening to reduce or totally withdraw US troops stationed in Germany and parts of Europe since the end of the Second World War.

     

    Similarly, US support for NATO has been reduced to a transactional equation in which some book keepers at NATO headquarters tally the contributions of individual nations and decide on who is falling short on contributions. No one can say how this will affect Article 5 in the event of an armed attack on any NATO member. In the process, the original trans-Atlantic alliance on which the security of Europe and the West has been hinged for the past 75 years has been exposed to the idiosyncracies of individual national leaders.

     

    It is shocking that in dismantling the subsisting liberal international order, it did not occur to Mr. Trump and his inchoate ideological handlers in the White House that other ambitious aspirants to global power pre-eminence would be waiting to fill the vacuum thus created. It is an elementary law of big power supremacy politics that no hegemonic power voluntarily goes into self remission. Secondly, when a pre-eminent power declines as a result of its own internal contradictions, it leaves a vacuum which is quickly filled by other rival powers.

     

    China ,which is the supreme contender for global pre-eminence to the United States, has seen in America’s present challenges a further opportunity to push its advantages and accelerate its advancement. Prior to the current covid-19 and other convulsions in the United States, China would appear to have designed a policy that steps in wherever America misses its steps. Chinese official support for Huawei, the leading manufacturer of 5G equipment, has continued to unsettle the United States. Even as recently as the United States decision to pull out of the World Health Organisation, China was on hand to fill the vacuum. Total US annual financial commitment ot the WHO is estimated at about 1 billion dollars. Bill Gates alone supports WHO with $500 million annually. The Chinese have stepped in with a pledge o f $2 billion in support for the WHO over another 2 years, thereby cushioning the effect of the US withdrawal. The rest is history.

     

    The jury is still out on whether the onset of the corona virus pandemic in China was an accident, a natural development or an act of programmed biotechnology warfare designed to advance China’s economic advantages. While the corona pandemic is still raging everywhere else, China has largely got the virus under control except for occasional negligible outbreaks here and there. In the meantime, it has secured tremendous economic advantages as the leading global manufacturers and exporter of testing kits, respirators, ventilators, medical protection gear, reagents, therapeutic drugs and possibly a vaccine.

     

    The confrontation between Washington and Beijing has more far reaching implications and meanings. Clearly, the authoritarian communists have proved more efficient managers of the Covid-19 emergency irrespective of where the virus originated from. It would appear that the regime of stiff controls enabled the Chinese to quickly lock down and isolate affected provinces. They deployed an army of contact tracers and most significantly, deployed their new found technological advantage in developing apps that use the footprints of individual cell phones to trace persons who may have been infected or who have visited locations of likely infections. They erected hospitals overnight, mass produced personal protection equipment, deployed a combination of western and Chinese therapeutics and generally regimented the virus into remission and retreat in the shortest possible time.

     

    What is more remarkable is that the Chinese have been able to convert the adversity of this pandemic into an economic advantage. As first movers in the technology of testing, protection gear and basic therapeutic products, the Chinese have received the largest orders from governments around the world for covid related imports. At the height of the covid crisis in Europe, the Swiss government ordered supplies worth $500 million from China. Similarly, Jack Mar, the Chinese founder of Alibaba ordered in excess of 2 million sets of personal protection gear and ventilators from Chinese firms for shipment as gifts to different African countries in aid of their Covid-19 emergency efforts.

     

    As it were, then, both China’s authoritarian political system and state dominated capitalism would seem to have fared much better than western democracy and private equity dominated capitalism especially in the United States in dealing with this virus. No amount of propaganda can disguise this fact especially with the continued bungling of the corona virus challenge by the United States administration.

     

    The Covid-19 emergency may have provided an opportunity to place the confrontation between China and the United States in bold ideological relief. But it does not of course exhaust the strategic contests at play. Prior to the Covid-19 challenge, the Chinese penetration of the global landscape had been systematic and apparently programmed. China has provided infrastructure loans to African countries at concessionary rates. These loans have often come with Chinese expertise and loads of manpower. Chinese lenders have avoided the usual conditionalities that imprisoned African economies in debts that were difficult to service or pay. In many cases, the Chinese have steered clear of meddling in the internal affairs of countries where they do business except in selling arms to the side that must, in their estimation, win in a conflict situation.

    For us in Nigeria, the frost between Beijing and Washington has only tangential diplomatic implications but vastly consequential economic import. With massive Chinese infrastructure loans to fund our rail and airport modernization programmes, Nigeria will become increasingly tethered to the global economic stranglehold of an ambitious China. We already owe China an estimated $80 billion in various categories of loans and concession arrangements. Already, China’s competitive advantages have made it the most attractive destination for Nigeria’s small to medium scale business travellers and new contracts.

    Even after Donald Trump, it is unlikely that the United States will ever regain a priority of place as either a source of international finance outside the Bretton Woods circuit or of direct bilateral assistance. Its position as a strategic ally will last for the remaining short tenure of fossil fuels as a global energy source. Clearly then, the future of our national interest is best served by the prospects of an expanding China than a retreating United States. It is a choice between two hegemonies, one declining and the other ascendant.

    Barring an accident of tragic bad judgment by either side between now and November, relations between China and the United States will survive the US presidential election. This assurance derives from the sheer quantum of money at stake in that relationship. Curiously, China’s long term interest is better served by a Donald Trump continuation in the White House. The more America pulls back from the world, through isolationism and nationalism, the more space there is for China to fill the abandoned space.

    The reversal of the nationalist trend by a Democrat victory will restore some of the threatened global liberal order, bring back some of America’s global involvements and thus stall China’s expansionist roller coaster ride. For China, then, Donald Trump may be a short term economic irritation but he is a long term strategic asset. For the United States, on the other hand, China may provide immediate campaign season distraction in a season of domestic catastrophe but still remains a formidable economic partner.

    The present drama between the two super powers is only a dance of competing jealous lovers on the world stage. The real strategic engagement lies several decades ahead, when China is fully ready both diplomatically and militarily.

     

     

     

     

     

     

  • WHO worried as COVID-19 cases surpass 13 million worldwide

    WHO worried as COVID-19 cases surpass 13 million worldwide

    COVID-19 cases rose above 13 million across the world on Monday, climbing by one million in just five days, with over 570,000 people dead.

    The Reuters global tally, which is based on government reports, shows the disease is accelerating the fastest in Latin America.

    The Americas account for more than half the world’s infections and half the deaths.

    Parts of the world, especially the United States with more than 3.3 million confirmed cases, are seeing huge increases in a first wave of COVID-19 infections while others “flatten the curve” and ease lockdowns.

    California, one of the states witnessing a surge in cases, announced fresh restrictions on Monday, shutting bars and restaurants, among others.

    Other places, such as the Australian city of Melbourne and Leicester in England, are implementing a second round of shutdowns.

    Chinese-ruled Hong Kong, albeit with a low 1,522 cases, is to tighten social distancing measures again amid growing worries about a third wave.

    The United States reported a daily global record of 69,070 new infections on July 10.

    In Brazil, 1.86 million people have tested positive, including President Jair Bolsonaro, and more than 72,000 people have died.

    The U.S. state of Florida reported a record increase of more than 15,000 new cases in 24 hours on Sunday, more than South Korea’s total since the disease was first identified at the end of last year.

    Coronavirus infections were rising in about 40 U.S. states, according to a Reuters analysis of cases for the past two weeks compared with the prior two weeks.

    Yet U.S. President Donald Trump and White House officials have repeatedly said the disease is under control and that schools must reopen in the autumn.

    “The president and his administration are messing with the health of our children,” House Speaker Nancy Pelosi said on CNN’s “State of the Union” programme.

    “We all want our children to go back to school, parents do and children do. But they must go back safely.”

    STAY AT HOME
    Hungary has imposed new restrictions on cross-border travel as of next Wednesday in order to prevent the spread of the coronavirus after a surge in new cases in several countries, Prime Minister Viktor Orban’s chief of staff said on Sunday.

    The leader of the Spanish region of Catalonia called on residents of an area that has seen a surge in coronavirus cases to stay at home despite a ruling by a judge who threw out a mandatory lockdown order for the district of 160,000 people.

    Spain, which has been one of the European countries worst hit by the coronavirus, lifted nationwide confinement last month, when the pandemic seemed to have come under control.

    The first case was reported in China in early January and it took three months to reach one million cases.

  • China discovers new virus that can lead to another pandemic

    A new strain of flu virus spreading in Chinese pigs may also infect humans and become another pandemic as human beings have no immunity against it.

    According to Chinese researchers, the flu has become more infectious to humans and needs to be watched closely in case it becomes a potential “pandemic virus.”

    Experts however said there is no imminent threat to mankind..

    A team of Chinese researchers looked at influenza viruses found in pigs from 2011 to 2018 and found a “G4” strain of H1N1 that has “all the essential hallmarks of a candidate pandemic virus.”

    The team’s paper was published by the US journal, Proceedings of the National Academy of Sciences (PNAS).

    Pig farm workers also showed elevated levels of the virus in their blood, the authors said, adding that “close monitoring in human populations, especially the workers in the swine industry, should be urgently implemented.”

    The recently emerged genotype 4 (G4) reassortant Eurasian avian-like (EA) H1N1 virus was found after testing over 30,000 swabs from pigs across 10 provinces including from samples that displayed respiratory symptoms.

    The study was conducted over seven years, and discovered virus strains that predominantly were from a variant categorised as G4.

    The G4 variant is of concern because its core is an avian influenza virus to which humans have no proven immunity.

    This is the reason researchers have called for anticipatory vaccines and preparation against G4 swine flu viruses.

    Called G4 EA H1N1, the swine flu strain bears genes similar to those in the virus that caused the 2009 flu pandemic, according to the study.

    The study found that 10.4 per cent of swine workers were positive for G4 virus, especially for participants from 18 years to 35 years old, who had 20.5 per cent seropositive rates, indicating that the predominant G4 virus has acquired increased human infectivity.

    The human infections indicate that the flu strain “possesses all of the essential hallmarks of a candidate pandemic virus” and that it poses “a serious threat to human health,” the researchers concluded.

    Zoonoses, diseases that jump from animals to humans, are one of the most common sources of dangerous new infections.

    Ebola, HIV, and the coronavirus itself are all examples of deadly pathogens that originated in animals.

    The study highlights the risks of viruses crossing the species barrier into humans, especially in densely populated regions in China, where millions live in close proximity to farms, breeding facilities, slaughterhouses and wet markets.

    The coronavirus that caused the worldwide COVID-19 pandemic is believed to have originated in horseshoe bats in southwest China and could have spread to humans via a seafood market in Wuhan, where the virus was first identified.

    The PNAS study said pigs are considered important “mixing vessels” for the generation of pandemic influenza viruses and called for “systematic surveillance” of the problem.

    China took action against an outbreak of avian H1N1 in 2009, restricting incoming flights from affected countries and putting tens of thousands of people into quarantine.

    The new virus identified in the study is a recombination of the 2009 H1N1 variant and a once prevalent strain found in pigs.

    But while it is capable of infecting humans, there is no imminent risk of a new pandemic, said Carl Bergstrom, a biologist at the University of Washington.

    “There’s no evidence that G4 is circulating in humans, despite five years of extensive exposure,” he said on Twitter after the paper’s publication.

    “That’s the key context to keep in mind.”

  • China to impose visa restrictions on U.S. citizens

    China to impose visa restrictions on U.S. citizens

    China on Monday said it would impose visa restrictions on U.S. citizens as tensions rise over Hong Kong’s autonomy.

    The state media reported that a Chinese Foreign Ministry spokesperson said Beijing would impose visa restrictions against Americans with egregious conduct.

    This is in response to Washington’s earlier announcement on visa curbs on Chinese officials believed to be responsible for undermining human rights and fundamental freedoms in Hong Kong.

    However, the development was unfolding as China prepares to approve a controversial law concerning national security in Hong Kong, a semi-autonomous Chinese territory.

    The law, which would curb political protest and dissent in Hong Kong, is pending approval by the National People’s Congress Standing Committee, a top legislative body.

    According to the state-run Xinhua News Agency, the Council of Chairpersons, a group of 16 senior lawmakers, heard a report on the draft law.

    The council submitted the draft for review and a possible vote by the standing committee, which could approve the law by Tuesday, at the end of a three-day session.

    The national security law targets secession, subversion, terrorism and collusion with foreign forces in Hong Kong.

    United States had threatened sanctions against Chinese officials and foreign financial institutions conducting transactions with them.

    On Thursday, the U.S. Senate passed the Hong Kong Autonomy Act, which calls for sanctions against individuals found to undermine the city’s autonomy from China.

  • China Writes Off Zero-Interest African Loans

    China Writes Off Zero-Interest African Loans

    China has revealed plans to cancel the debt of some African countries that are due by the end of 2020.

    The Chinese President, Mr Xi Jinping, speaking at the China-Africa summit, said his government will especially cancel loans with zero-interest rate due at the end of the year.

    “China will cancel the debt of relevant African countries in the form of interest-free government loans that are due to mature by the end of 2020.

    “For those African countries that are hardest hit by the coronavirus and are under heavy financial stress, China will work with the global community to give them greater support, by such means as further extending the period of debt suspension, to help them tide over the current difficulty,” he explained further.

    China further called on Western countries to also consider cancelling debt for African countries.

    The President said, “China hopes that the international community, especially developed countries and multilateral financial institutions, will act more forcefully on debt relief and suspension for Africa.”

    “To help Africa achieve sustainable development is what matters in the long run. China supports Africa in its effort to develop the African Continental Free Trade Area and to enhance connectivity and strengthen industrial and supply chains,” he added.

    Mr Jinping also revealed that the country is seeking other ways to collaborate with countries on the continent.
    .
    “China will explore broader cooperation with Africa in such new business forms as digital economy, smart city, clean energy, and 5G to boost Africa’s development and revitalization,” the Chinese leader said.

    The Chinese leader urged Chinese financial institutions like the Export-Import Bank of China and the China Development Bank to consult to come to some arrangements with African countries.

    The two banks are underwriting the Belt and Road Initiative (BRI), China’s global investment plan to become the hub of world trade.

    Last week, the country announced it would delay loan repayments for 77 low-income countries, including those in Africa, as part of the G20 programme.

    For the International Monetary Fund and the World Bank, several developing countries, especially in Africa, cannot face the COVID-19 pandemic without help from creditor states.

    With loan repayment suspended this year, debtor countries can use the savings to support themselves in fight against the coronavirus.

  • Donald Trump begged China for help to win re-election – John Bolton

    Donald Trump begged China for help to win re-election – John Bolton

    Former US national security advisor, John Bolton, has claimed that President Donald Trump pleaded with China’s leader Xi Jinping for help to win re-election in 2020.

    Bolton, Donald Trump’s former aide, made the claim in the excerpts of his explosive new book published Wednesday.

    Bolton said that the US President met with Chinese President, Xi at a summit last June and “stunningly turned the conversation to the US presidential election, alluding to China’s economic capability to affect the ongoing campaigns, pleading with Xi to ensure he’d win.”

    The excerpts were published by The Washington Post, The New York Times and The Wall Street Journal.

    The former presidential aide wrote that his former principal stressed the importance of America’s farmers and how “increased Chinese purchases of soybeans and wheat” could impact the electoral outcome in the US.

  • BREAKING: 268 Nigerians stranded in China arrive in Abuja

    BREAKING: 268 Nigerians stranded in China arrive in Abuja

    At least 268 Nigerians evacuated from China have arrived in Abuja.

    The flight that conveyed the evacuees landed at the Nnamdi Azikwe International Airport on Saturday afternoon.

    Disclosing this in a tweet, the Chairman, Nigerians in Diaspora Commission, Abike Dabiri-Erewa, said the returnees would proceed on compulsory 14 days quarantine as stipulated by the Nigeria Centre for Disease Control.

    Some of the nationals had faced serial racial discriminations in Guangzhou, China, from provincial officials.

    They were reportedly evicted from their apartments and hotels following their alleged refusal to go for the mandatory quarantine imposed by the Guangdong Provincial authorities sequel to the outbreak of coronavirus.

    Some Nigerians sent a video of a woman with two children who were staying on the streets.

  • Coronavirus battle: China tells U.S. what to do

    Coronavirus battle: China tells U.S. what to do

    The U.S. should stop wasting time in its fight against the coronavirus and work with China to combat it, rather than spreading lies and attacking the country, the Chinese Government’s top diplomat, Wang Yi, said on Sunday.

    The Sino-U.S. ties have nosedived since the outbreak of the new coronavirus, with the administrations of President Donald Trump and President Xi Jinping repeatedly trading barbs over issues related to the pandemic, especially the U.S. accusations of cover-ups and lack of transparency.

    The two top economies have also clashed over Hong Kong, human rights, trade and the U.S. support for Chinese-claimed Taiwan.

    State Councillor Wang, speaking at his annual news conference on the sidelines of China’s parliament, expressed his deep sympathies to the U.S. for the pandemic, where the death toll is expected to surpass 100,000 in the coming days, the highest number of any country.

    “Regretfully, in addition to the raging coronavirus, a political virus is also spreading in the U.S.

    “This political virus is using every opportunity to attack and smear China,’’ said Wang, who is also China’s Foreign Minister.

    “Some politicians have ignored the most basic facts and concocted too many lies about China and plotted too many conspiracies.’’

    “I want to say here: Don’t waste precious time any longer, and don’t ignore lives,’’ Wang said.

    “What China and the U.S. need to do the most is to first learn from each other and share their experience in fighting against the epidemic and help each country fight it.’’

    China and the U.S. also need to start coordinating macro policies for their respective economies and the world economy, he added.

    China remains prepared to work with the U.S. in the spirit of cooperation and mutual respect, Wang said, when asked if Sino-U.S. relations would further worsen.

    “China has always advocated that as the world’s largest developing country and the largest developed country, both of us bear a major responsibility for world peace and development,’’ he said.

    “China and the U.S. stand to gain from cooperation, and lose from confrontation.’’

    Last month, Missouri became the first U.S. state to sue the Chinese government over its handling of the coronavirus, saying China’s response to the outbreak that originated in the city of Wuhan brought devastating economic losses to the state.

    Wang said such lawsuits lacked any legal basis.

    “The China of today is not the China of a century ago, and nor is it the world,’’ he added.

    “If you want to infringe upon China’s sovereignty and dignity with indiscriminate litigation, and extort the fruits of the hard work of the Chinese people, I am afraid this is a daydream and you’ll only humiliate yourself.’’

    Wang also offered his strong support for the World Health Organisation (WHO) and its chief, Tedros Adhanom Ghebreyesus, frequent targets of the U.S. criticism.

    “To support the WHO is to support saving lives.

    “This is the choice any country with a conscience should make,’’ he said.

    Trump, who has accused the agency of being “China centric”, has threatened to permanently halt funding to the WHO and to reconsider his country’s membership of the agency.

  • US Warns China against destabilising Hong Kong

    US Warns China against destabilising Hong Kong

    The United States on Thursday urged China to respect Hong Kong’s autonomy, warning that its proposed national security law for the city would be “highly destabilizing” and face global opposition.

    “Any effort to impose national security legislation that does not reflect the will of the people of Hong Kong would be highly destabilizing, and would be met with strong condemnation from the United States and the international community,” State Department spokeswoman Morgan Ortagus said.

    She said that China’s statements and the proposed legislation “undermine” China’s promises it made before regaining control of the financial hub from Britain in 1997.

    “We urge Beijing to honor its commitments and obligations in the Sino-British Joint Declaration — including that Hong Kong will ‘enjoy a high degree of autonomy’ and that people of Hong Kong will enjoy human rights and fundamental freedoms,” Ortagus said.

    President Donald Trump earlier Thursday also promised a response when told of the move on Hong Kong.

    “I don’t know what it is, because nobody knows yet. If it happens, we’ll address that issue very strongly,” Trump said.

    China said it will introduce legislation Friday on the first day of its rubber-stamp parliament session that would strengthen enforcement of laws in Hong Kong that prohibit “subversion.”

    Pro-democracy leaders and activists warned that the move would mark the end of Hong Kong as they know it, a fear voiced in months of massive and sometimes violent protests last year.

    The US Congress late last year angered China by passing a law that would strip Hong Kong’s preferential trading status in the United States if the urban hub no longer enjoys autonomy from the mainland.

    Secretary of State Mike Pompeo earlier this month delayed a report on certifying Hong Kong’s autonomy under the law, saying the State Department would wait for the meeting of the legislature, the National People’s Congress.

    The State Department warned Thursday that China’s actions would impact its decision.

    In a fresh bid by US Congress to exert pressure after China’s announcement, senators on Thursday introduced legislation to impose sanctions on any entity involved in curbing Hong Kong’s autonomy.

    The targets could include police who crack down on demonstrators and Chinese officials involved in Hong Kong policy — as well as banks that conduct transactions with anyone who infringes on the territory’s freedoms.

    “In many ways, Hong Kong is the canary in the coal mine for Asia,” said Senator Pat Toomey, a Republican who spearheaded the legislation alongside a Democrat, Chris Van Hollen.

    “Beijing’s growing interference could have a chilling effect on other nations struggling for freedom in China’s shadow,” Toomey said, likely alluding to the self-governed island of Taiwan and countries that have territorial rifts with Beijing.