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China resolutely opposes the U.S. move and will never accept it, Huang said.
China and Botswana are highly complementary in their economy and have great potential for mutually beneficial cooperation, the envoy said. Botswana is rich in mineral resources and China is the second largest consumer of Botswana's diamonds.
Before financing a project, Chinese banks always scrutinize the liabilities and debt paying ability of borrowers. After loan extension, they continue to monitor country risks and sovereign risks, said Ning.
"Yangjialing is in the same county as my village," Xie says. "The local villagers were relocated there due to a water facility project in the 1970s, and life was really hard in the barren place at first."
In general, many banks will not loan out such a large sum of money to a rural resident as they might be unable to pay off the loans. However, since Wang was honored with an award for his hard work by the local government last year, it would be easier for him to get the 300,000 yuan loan.
来源：资阳报