, An interview by Beijing-aligned newspaper guancha.cn with Professor Tang Xiaoyang, a top development economist in China, has spelt out official thinking about debt restructuring as differences over strategy widen with the west. Tang says that dollar exchange risk is driving indebtedness in developing countries, along with irresponsible economic policies.
The contrasting demands from developed countries and developing ones and the lack of concerted global efforts to curb climate change should be attributed to the malfunctioning of the West-led global order.