Follow CGSP on Social Media

Listen to the CGSP Podcast

China Sticks to Its Position That Its Not to Blame for Delays in Zambia’s Debt Restructuring Process

Chinese Foreign Ministry Spokesperson Mao Ning on Monday addressed the issue of China's participation in Zambia's debt restructuring process. Image via the Ministry of Foreign Affairs

Any hope China would soften its hardline position on debt restructuring following last weekend’s talks among G20 finance ministers was dashed on Monday when Foreign Ministry Spokesperson Mao Ning restated Beijing’s longstanding demand that multilateral creditors also take losses on their loans to developing countries.

Mao addressed the issue at the regular press briefing in Beijing in response to a question from Bloomberg about Zambia’s stalled debt relief process:

  • 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-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


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


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


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