China’s growing influence – BOL News Staging

US lawmakers advance China competition bill

February 13, 2022 by Muhammad Zubair

WASHINGTON: US lawmakers have voted to green-light a multibillion-dollar bill aimed at jumpstarting high-tech research and manufacturing, countering China’s growing influence and easing a global shortage of computer chips. The House Democrats’ America Competes bill, their version of the Senate-passed $250-billion US Innovation and Competition Act, was approved in a 222-210 vote in the lower … Read more

China is not trapping Africa in debt: foreign minister

January 7, 2022 by Shaista Zafar

MOMBASA, Kenya: China’s Foreign Minister Wang Yi on Thursday rejected suggestions that Beijing was luring African countries into debt traps by offering them massive loans, dismissing the idea as a “narrative” pushed by opponents to poverty reduction. Wang, speaking ahead of touring Beijing-funded infrastructure projects in Kenya, said China’s considerable lending to Africa was “mutually benefiting” … Read more

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