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China suspends debt repayments for 77 developing countries

China Suspends Debt Repayments for 77 Developing Countries, Regions: Senior Official

BEIJING – China will honor its commitment to assist developing countries in the fight against COVID-19 and will work with the international community to resume staff exchanges to mitigate its negative impact on social and economic development, a senior Chinese official said Sunday.
Chinese Deputy Foreign Minister, Ma Zhaoxu, said in a press conference in Beijing that China announced the suspension of debt payments to 77 developing countries and regions with the implementation of the G20 Debt Service Suspension Initiative for the poorest countries in the world.
The establishment of a cooperation mechanism for Chinese hospitals to pair with 30 African hospitals is also underway, Ma said, adding that the construction of a United Nations humanitarian center in China is under discussion and preparation.
In a speech at a virtual event that opened the 73rd session of the World Health Assembly last month, President Xi Jinping announced that China will provide $2 billion over two years to help with the COVID-19 response and with the economic and social development in the affected countries.
Ma explained that through bilateral aid and multilateral donations, the funds will be used to provide anti-epidemic materials, as well as to support the resumption of economic and social development in related countries in the post-epidemic era.
At the press conference, the Information Office of the State Council presented a white paper entitled “Fighting COVID-19: China in Action”, which records China’s efforts in its fight against the virus, shares its experience with the rest of the world and clarifies his perspective on the global battle.
According to the white paper, China had provided epidemic assistance to more than 150 countries and four international organizations had sent 29 groups of medical experts to 27 countries as of May 31.
Local governments, businesses, civil organizations and individuals have donated medical supplies to more than 150 countries and regions, as well as to international organizations, he said.
From March 1 to May 31, China exported anti-epidemic materials to 200 countries and regions, including 70.6 billion face masks and 340 million protective clothing, as well as other supplies, he added.
According to Ma, China has conducted more than 180 video conferences with experts from more than 170 countries and international organizations.
All of these events demonstrated China’s sense of responsibility as an important country, Ma said, adding that China has made progress in its cooperation with other countries and boosted its relations with most of them during the pandemic.
Ma noted that China is strengthening cooperation with several countries to restart personnel exchanges in a gradual and orderly manner, to promote the resumption of work and production, and to maintain the stability of international industrial and supply chains.
China has established fast-track rail services for personnel exchanges with the Republic of Korea, Germany and Singapore, Ma added.
While ensuring the containment of the pandemic, China will discuss with other countries the establishment of fast tracks for people who come to China who are engaged in important business, logistics, production and technical services, he added.
In terms of stigmatization of China, Ma said that “while certain countries defame China, just as they create and spread a political virus by all possible means to shed their own responsibilities, China must firmly fight against the change of blame.”
(Sahar News Monitoring Desk)

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