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    China cancels Equatorial Guinea's debt

    <i>Agence France-Presse says that Chinese Foreign Minister Li Zhaoxing offered debt relief and aid to Equatorial Guinea.</i> As with Benin, Chinese Foreign Minister Li Zhaoxing pledged debt relief and aid to Equatorial Guinea, the latest stop in his seven-African-nation tour. The minister forgave $75 million in debt owed to Beijing by the West African country. He also made an &#8230;

    By Newswire Newsletter // 02 January 2007



    As with Benin, Chinese Foreign Minister Li Zhaoxing pledged debt relief and aid to Equatorial Guinea, the latest stop in his seven-African-nation tour. The minister forgave $75 million in debt owed to Beijing by the West African country. He also made an aid commitment worth $2.5 million. After Benin and Equatorial Guinea, Li is set to visit Guinea-Bissau, Chad, the Central African Republic, Eritrea and Botswana.

    Source: Chinese FM continues Africa tour with stop in Equatorial Guinea (AFP)

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