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China doubled down on its dismissal of the United States criticism of a multi million dollar loan to The Bahamas, describing as “baseless and absurd” accusations that it was using the funding for the construction of a hospital in that country to further entrench itself in the Caribbean region.
“Is there a US loan proposal at all on the table?” the Chinese Embassy asked in a statement, regarding the US$195 million funding for the hospital in western New Providence.
Last week, the Phillip Davis government signed a deal with the People’s Republic of China to fund the hospital that is expected to cost US$267 million, with 73 per cent of the costs, or $195 million, being provided by the Chinese Export-Import Bank.
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