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Report: Xi Jinping Refused to Cancel Chinese Portion of Zambia’s $10 Billion Debt

· July 28, 2020 ·

Zambia is one of many African nations heavily indebted to China through its Belt and Road Initiative (BRI), which the Chinese Communist Party (CCP) uses to establish infrastructure-building projects in developing nations funded by predatory loans. The BRI projects serve Beijing by increasing foreign dependence on China and spreading CCP influence across the globe. The initiative’s success – in terms of Beijing’s interests – might be most evident in Africa, where China has become the impoverished continent’s single largest creditor. … [Read more...] about Report: Xi Jinping Refused to Cancel Chinese Portion of Zambia’s $10 Billion Debt

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