China debt is not bad, what matters is how we spend the money : The Standard - News Summed Up

China debt is not bad, what matters is how we spend the money : The Standard


China debt is not bad, what matters is how we spend the moneyAn SGR train arrives at Mombasa's Miritini terminal. Debt taken to create jobs, diversify income sources and reduce dependence on natural resources is good debt. It is debt for which our children will be thankful, since it’ll pay itself off and give them more opportunities. In Nigeria, Chinese projects may have made sense, but their implementation has been mired by corruption. Our trade with China has grown eightfold in the past decade, but Uhuru is right to say it is skewed in favour of China.


Source: Standard Digital April 28, 2019 01:07 UTC



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