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Zambian President Arrives in China for Crucial Debt Talks

Zambian President Haikinde Hichilema hopes to finalize a June debt restructuring deal during a six-day visit to China. Image via the Zambian presidency.

Zambian President Haikinde Hichilema landed in the southern Chinese megacity of Shenzhen on Sunday to kick off a six-day visit to China that will include highly-anticipated talks with his Chinese counterpart Xi Jinping to finalize the details of a debt restructuring deal signed last June.

Chinese creditors own an estimated two-thirds of Zambia’s bilateral debt and played a central role in more than two years of negotiations that resulted in the deal that was agreed to in Paris earlier this summer.

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