The US should focus on averting a government default at home, which could have repercussions for the global economy instead of sabotaging other sovereign countries’ active efforts to solve their debt issues according to the Chinese embassy in Zambia.
Chinese reactions come amid Janet Yellen’s visit to Zambia where she said that the country needed to address its heavy debt burden with China.
Janet Yellen, the US Treasury Secretary is on a trip to Africa after implementing extraordinary measures to ensure that the US government continues paying its bills in a short time and does not default on its 31.4 trillion dollar debt.
Zambia become the first African country to default in November 2020 after failing to pay 42.5 million dollars bound.
Chinese embassy says that even if the US one day solves its debt problem, it is not qualified to make groundless accusations against or press other countries out of selfish interests.
Chinese development banks are major lenders to undeveloped countries across the world for natural resource and infrastructure development.
Cope With Your Own Debt’, China Tells US Over Zambia Debt Relief
I'm a senior member at Forsige covering topics on diplomacy and foreign policy relating to Asia and the World.