2023-01-25 05:10:55

China uses US debt battle to deflect pressure on Africa debt

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By Associated Press

BEIJING The Chinese government says the United States should stop pressuring it on debt relief for Zambia and get its own financial house to avert a default and possible repercussions for the global economy.

The Chinese embassy in Zambia responded Tuesday to remarks by U.S. Treasury Secretary Janet Yellen, who said on a visit to the African nation this week that its crucial to address its heavy debt burden with China.

The biggest contribution that the U.S. can make to the debt issues outside the country is to cope with its own debt problem and stop sabotaging other sovereign countries active efforts to solve their debt issues, the Chinese Embassy said in a statement.

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