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China’s Newest Talking Point on Debt: The U.S. Dollar is to Blame

The image accompanying a recent op-ed in Global Times blaming the dominance of the U.S. dollar ofr African debt problems

As China faces increasing criticism around perceptions that it is holding up debt relief processes, its state media seems to be trying out new talking points in its messaging on the issue to Global South audiences, as seen in a recent article in the state-owned tabloid Global Times:

The US’ irresponsible monetary policy is the root of African debt problems. Relying on dollar hegemony, the US has implemented three rounds of quantitative easing, cut interest rates to near zero, and flooded Africa and emerging markets with low-interest dollars.

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