China Tells Janet Yellen U.S. Is in No Position To Criticize Beijing on Debt Issues in Zambia

The Chinese embassy in Zambia's angry response to U.S. Treasury Secretary Janet Yellen's accusation this week that Beijing is a "barrier" in the debt restructuring process.

The Chinese embassy in Lusaka clapped back at U.S. Treasury Secretary Janet Yellen for her remarks that Beijing was acting as a “barrier” in Zambia’s drawn-out debt restructuring process.

In a sharply worded statement posted on its website Tuesday, the embassy said Yellen is in no position to lecture China on debt issues given Washington’s “catastrophic debt problem” including a potential default on its $31.4 trillion debt if the House of Representatives does not increase the country’s borrowing limit.

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by Eric Olander

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