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China Hits Back at Debt Criticism

by Cobus van Staden
Chinese Foreign Ministry Spokesman Wang Wenbin speaking at the regular press briefing in Beijing. Image via the Chinese Ministry of Foreign Affairs.

China rejected this week’s criticism by Brent Neiman, a top advisor to U.S. Treasury Secretary Janet Yellen, about its “unconventional” approach to debt restructuring. 

Foreign Ministry Spokesperson Wang Wenbin cited the relative size of Chinese debt and its participation in G20 debt relief programs. He also called out the Western private sector for their share of Global South debt distress:

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