Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

China to forgive Iraq debts
BBC Monitoring ^ | February 05 2004 | Xinhua

Posted on 02/05/2004 10:30:30 AM PST by knighthawk

Beijing, 5 February: Chinese Foreign Ministry spokeswoman Zhang Qiyue reiterated that China has decided to forgive debts from Iraq here Thursday [5 February] at the regular press conference.

The size of the debts to be forgiven is now being calculated and studied, Zhang added.

As a developing country, China fully understands difficulties of the reconstruction and the humanitarian situation in Iraq, she explained, expressing her hope that the Iraqi people can quickly step on the road of stable and peaceful development.

She stressed China attaches importance to the reconstruction in Iraq and expected the international community to strengthen cooperation in this regard.

Chinese Premier Wen Jiabao said China considers reducing the debts owed to it by Iraq out of humanitarian concern during his meeting with James Baker, special envoy to the US president last December.


TOPICS: Front Page News; News/Current Events
KEYWORDS: china; debt; debts; iraq; iraqidebt; iraqieconomy; rebuildingiraq
Navigation: use the links below to view more comments.
first 1-2021-34 next last

1 posted on 02/05/2004 10:30:32 AM PST by knighthawk
[ Post Reply | Private Reply | View Replies]

To: MizSterious; rebdov; Nix 2; green lantern; BeOSUser; Brad's Gramma; dreadme; Turk2; keri; ...
Ping
2 posted on 02/05/2004 10:31:27 AM PST by knighthawk (Live today, there is no time to lose, because when tomorrow comes it's all just yesterday's blues)
[ Post Reply | Private Reply | To 1 | View Replies]

To: knighthawk
Here's another headline: Another Bush Foreign Policy Victory
3 posted on 02/05/2004 10:32:04 AM PST by rhombus
[ Post Reply | Private Reply | To 1 | View Replies]

To: knighthawk
Chinese Premier Wen Jiabao said China considers reducing the debts owed to it by Iraq out of humanitarian concern during his meeting with James Baker, special envoy to the US president last December.

Priceless. The speculation on how Baker has gotten such amazing results is that he offers these countries a choice: A) Renounce the debt and look like wonderful humanitarians or, B) Have the new Iraq government declare them "odious" and therefore invalid.

He's hit a lot of triples and home runs in his travels. Could be new SecState if Colin Powell leaves.

4 posted on 02/05/2004 10:34:31 AM PST by Dilbert56
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dilbert56
Could be new SecState if Colin Powell leaves.

Indeed. He'd be a welcome asset there in my book.

5 posted on 02/05/2004 10:37:18 AM PST by krb (the statement on the other side of this tagline is false)
[ Post Reply | Private Reply | To 4 | View Replies]

To: rhombus
Here's another headline: Another Bush Foreign Policy Victory

How so?

6 posted on 02/05/2004 10:52:15 AM PST by tallhappy (Juntos Podemos!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: knighthawk
It always catches my attention anytime we come to an agreement with China.
7 posted on 02/05/2004 10:54:09 AM PST by jolie560
[ Post Reply | Private Reply | To 2 | View Replies]

To: knighthawk; MJY1288; xzins; Calpernia; TEXOKIE; Alamo-Girl; windchime; Grampa Dave; ...
Beijing, 5 February: Chinese Foreign Ministry spokeswoman Zhang Qiyue reiterated that China has decided to forgive debts from Iraq here Thursday [5 February] at the regular press conference.

Chinese Premier Wen Jiabao said China considers reducing the debts owed to it by Iraq out of humanitarian concern during his meeting with James Baker, special envoy to the US president last December.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Ping.

8 posted on 02/05/2004 11:03:38 AM PST by Ragtime Cowgirl ("What we have begun, we will finish." ~ President Bush, 2/05/04)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Ragtime Cowgirl
Bump!
9 posted on 02/05/2004 11:05:45 AM PST by Alamo-Girl
[ Post Reply | Private Reply | To 8 | View Replies]

To: tallhappy
Debt relieve was one of the key issues for Iraqi reconstruction.
10 posted on 02/05/2004 11:07:53 AM PST by rhombus
[ Post Reply | Private Reply | To 6 | View Replies]

To: rhombus
But what does China get out of this?
11 posted on 02/05/2004 11:30:04 AM PST by tallhappy (Juntos Podemos!)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Dilbert56
The speculation on how Baker has gotten such amazing results

LOL. I don't think he has to say much. It seems wheneever he shows up on the scene, stuff happens. The guy is smart and hard and cold as steel. Perfect guy for this job

12 posted on 02/05/2004 11:33:22 AM PST by paul51
[ Post Reply | Private Reply | To 4 | View Replies]

To: tallhappy
But what does China get out of this?

The same thing everyone wants - oil, american reconstruction dollars, influence, a COSCO store in Bahgdad...

13 posted on 02/05/2004 11:36:06 AM PST by rhombus
[ Post Reply | Private Reply | To 11 | View Replies]

To: rhombus
influence

Then this is definitely not a foreign policy victory.

14 posted on 02/05/2004 11:48:29 AM PST by tallhappy (Juntos Podemos!)
[ Post Reply | Private Reply | To 13 | View Replies]

To: tallhappy; rhombus
But what does China get out of this?

Access to reconstruction contracts, access to Iraqi markets for their consumer goods, good PR and some gratitude from the Bush administration/US government, AND something that many people overlook: China has had problems in its western provinces with the various indigenous Islamic ethnic groups. Cooperation in Iraq helps China if turmoil in the Middle East is lessened, terrorist organizations are diminished so they can no longer pump arms and money into those provinces, and China is also probably entering into intelligence-sharing agreements with the US and others regarding terrorists.

15 posted on 02/05/2004 11:52:03 AM PST by HenryLeeII
[ Post Reply | Private Reply | To 11 | View Replies]

To: tallhappy; rhombus
But what does China get out of this?

Access to reconstruction contracts, access to Iraqi markets for their consumer goods, good PR and some gratitude from the Bush administration/US government, AND something that many people overlook: China has had problems in its western provinces with the various indigenous Islamic ethnic groups. Cooperation in Iraq helps China if turmoil in the Middle East is lessened, terrorist organizations are diminished so they can no longer pump arms and money into those provinces, and China is also probably entering into intelligence-sharing agreements with the US and others regarding terrorists.

16 posted on 02/05/2004 11:52:34 AM PST by HenryLeeII
[ Post Reply | Private Reply | To 11 | View Replies]

To: tallhappy
Then this is definitely not a foreign policy victory.

Huh? Perhaps not as stunning a foreign policy victory as buying off N. Korea or installing a new dictator in Haiti but hey - there are many tools used in foreign policy.

17 posted on 02/05/2004 12:05:13 PM PST by rhombus
[ Post Reply | Private Reply | To 14 | View Replies]

To: HenryLeeII
With all due respect, you are spewing whitewashed garbage about the Chinese regime.
18 posted on 02/05/2004 12:07:29 PM PST by tallhappy (Juntos Podemos!)
[ Post Reply | Private Reply | To 16 | View Replies]

To: rhombus
Any time China -- which means the Chinese communist party -- gains influence, as you stated they will, it is not victory but a detriment.
19 posted on 02/05/2004 12:08:21 PM PST by tallhappy (Juntos Podemos!)
[ Post Reply | Private Reply | To 17 | View Replies]

To: tallhappy
I just wish China had not forgiven the debt.It would make things so much better if they had refused...all is lost/sarcasm
20 posted on 02/05/2004 12:19:25 PM PST by MEG33 (BUSH/CHENEY '04)
[ Post Reply | Private Reply | To 19 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-34 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson