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China: No developing country will fall into debt trap by cooperating with us
US Vice President Mike Pence waves during the Apec CEO Summit 2018 at Port Moresby in Papua New Guinea November 17, 2018. u00e2u20acu2022 Reuters pic

BEIJING, Nov 18 — China’s foreign ministry said today that no developing country would fall into a debt trap simply because of its cooperation with Beijing.

Chinese Foreign Ministry spokeswoman Hua Chunying made the comment in an online statement responding to remarks made by US Vice President Mike Pence.

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"No developing country will fall into debt difficulties because of cooperation with China,” Hua said.

"On the contrary, cooperating with China helps these countries raise independent development capabilities and levels, and improves the lives of the local people.”

Speaking at the Asia Pacific Economic Co-operation (Apec) summit yesterday, Pence took aim at China’s Belt and Road initiative, saying countries should not accept debt that compromised their sovereignty. — Reuters

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