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BBC Chinese: Africa Begins to Say No – Sierra Leone Called off Chinese Investment Project

BBC Chinese recently reported that the West African country Sierra Leone just announced the cancellation of an airport construction project that China was to fund. The government of Sierra Leone explained that the project is “not economical.” However, the project has already begun and it is unclear if China will, at this time, ask for a fine for breaching the project contract . This is the first instance of an African country announcing the cancellation of a China One Belt One Road project. The World Bank and the International Monetary Fund (IMF) both warned earlier that this project may bring an unnecessary debt burden to Sierra Leone. The Chinese Ambassador to Sierra Leone told the press that the announcement won’t hurt the relationship between the two countries because China’s principle has always been to look for win-win arrangements. Only last month, China invited a large number of African leaders to China and announced a US$60 billion “aid” plan to Africa. China is currently the largest financial supplier to Africa. The current government of Sierra Leone was newly elected in March.

Source: BBC Chinese, October 12, 2018