Follow CGSP on Social Media

Listen to the CGSP Podcast

China Pushes Back Against U.S. Criticism That It’s Not Doing Enough to Support the G20’s Debt Relief Initiative

The Chinese government is becoming increasingly impatient with the persistent U.S. criticism that it isn’t doing enough to support the G20’s Debt Service Suspension Initiative (DSSI). U.S. officials have steadily increased their critiques in July in the run-up to the G20 finance ministers meeting in Italy that concluded on Saturday.

First, Deputy U.S. National Security Advisor Daleep Singh said the combination of China’s opaque lending practices, onerous contract terms, and its refusal to include commercial loans issued by the China Development Bank as part of the DSSI have all contributed to the failure of the G20 program. Then, last week, an unnamed U.S. Treasury department official echoed those sentiments in an interview with Reuters when s/he said that Beijing needs to “boost its participation in the G20 debt response” (that’s code for including commercial loans in the DSSI).

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Africa Project?

Independent

The CAP is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Africa stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalist and a variety of stakeholders in the China-Africa discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.