“Excessive debt from China's large loan risks the African economy” September 7, 11:38
At an international conference held in South Africa where various parties concerned about African politics and economic situation discussed, the problem that some countries have excessive debts due to China's huge loans etc. There were many indications that it was a risk.
This international conference is a regional meeting held in Cape Town, South Africa by the World Economic Forum, which hosts the “Davos Conference” in Switzerland. I was broken.
Among them, in a session that discussed issues of economic growth in Africa, it was pointed out that external debt continues to increase in some African countries, which is a risk to growth, and improvement of the national financial situation Many respondents pointed out that it is an important issue for African countries along with dealing with trade disputes between the United States and China.
In Africa, China's huge lending has created a problem of “debt traps” where some countries have excessive debt and China's intentions cannot be ignored.
As a panelist, Governor Kugagnago, a South African central bank, said in an interview with NHK: “Many countries have debts that exceed their repayment capacity. Both lenders and borrowers are transparent. I have to agree. "