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Zambia’s debt: Future of Chinese loan
Lusaka [Zambia], March 30 (ANI): Zambia became the first coronavirus-era debt default African nation that has borrowed heavy loans from China in recent years to fund major infrastructure projects.
March 30, 2021
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Lusaka [Zambia], March 30 (ANI): Zambia became the first coronavirus-era debt default African nation that has borrowed heavy loans from China in recent years to fund major infrastructure projects.
China has provided billions of dollars of loans for infrastructure projects to a host of Sub-Saharan African nations as part of its sweeping Belt and Road Initiative (BRI) in recent years, with Zambia one of its most prominent debtors. Zambia owes over USD 3 billion to Chinese entities of a total of USD12 billion in external debts.
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Foreign Ministry Spokesperson Wang Wenbin s Regular Press Conference on February 23, 2021
2021/02/24
Reuters: Responding to comments made by Wang Yi yesterday, US State Department Spokesman Ned Price told reporters that Wang s comments reflect the continued pattern of Beijing s tendency to avert blame for its predatory economic practices. What s the ministry s comment?
Wang Wenbin: To quote State Councilor Wang Yi from his opening speech at the Lanting Forum, In the past few years, China-US relations deviated from the normal track, and ran into the biggest difficulties since the establishment of diplomatic ties. The root cause was that the previous US administration, out of its own political needs, seriously distorted China s future path and policy, and on that basis, took various measures to suppress and contain China, which inflicted immeasurable damage to bilateral relations.
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