Zambia’s debt to Chinese creditors was over $6 billion by the end of June, according to data disclosed by the government on Oct. 7. The Chinese regime’s lending practices have been labeled “debt-trap diplomacy,” as it provides developing nations with often unpayable loans for infrastructure projects, making them dependent on China. The figures were published by Zambia’s recently elected new administration, after the China Africa Research Initiative (CARI) released a report (pdf) last month estimating the country’s debt to Chinese lenders to be $6.6 billion. The new number is roughly double the amount divulged by the previous government. Zambia’s exposure to Chinese creditors amounts to more than 40 percent of the nation’s total external debt, which was $14.67 billion in June, including publicly guaranteed and non-guaranteed debt. The Chinese Communist Party (CCP) has been called out for its predatory lending practices, allegedly aimed to expand its geopolitical influence by subjugating …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta