Qin was pressed about whether China has a special responsibility to help poor nations struggling with debt, since Beijing has made large loans to countries such as Sri Lanka and Pakistan as part of its Belt and Road Initiative.
“China should be the last accused of a debt trap,” he said, adding that Beijing has sought to help countries in crisis. Then he hit the US Federal Reserve policy of raising interest rates to combat inflation.
“Interest hikes by US have led to massive capital outflows and worsened debt problems in countries concerned,” he said.