Monday, May 23, 2016

Mozambique Looks to China for Financial Help

Deutsche Welle published on 19 May 2016 a story titled "Mozambique Looks to China for Financial Help." Following a sharp drop in commodity prices and a government financial scandal, Mozambique faces a financial and economic crisis. After Western countries refused to bail out Mozambique, President Filipe Nyusi has turned to China for fresh loans.