China Shuts down US criticism about Zambia debt trap
Chinese officials in Zambia had a direct answer this week when U.S. Treasury Secretary Janet Yellen referred to China as a "barrier" to debt restructuring in Africa, saying: "Get your own house in order."
The Chinese Embassy in Zambia stated on its website on Tuesday that "the biggest contribution that the U.S. can make to the debt issues outside the country is to act on responsible monetary policies, cope with its own debt problem, and stop sabotaging other sovereign countries' active efforts to solve their debt issues."
Republicans in the House of Representatives are putting the Biden administration and Democrats under pressure to reduce spending by threatening to abstain from voting on a new debt ceiling, which reflects money that has already been spent and is now owed by the government. The Biden administration has so far refused to engage in negotiations, betting that conservative Republicans will budge in response to pressure from industry, investors, and moderates.
▬▬▬▬▬▬▬▬▬
✅SUPPORT US /AFFILIATE LINKS
Use this affiliate link for your purchases at #MIZIZI International -
https://bit.ly/3hajEY9
Support our channel -
PayPal: newafricachannel(at)outlook.com
Follow us on Instagram - / thenewafricachannel
Follow us on Twitter - / thenewafricach1
Join us on Facebook - / thenew.africachannel.3
▬▬▬▬▬▬▬▬▬
✅COPYRIGHT DISCLAIMER
The New Africa Channel doesn't fully own some of the materials compiled in its videos. It belongs to people or organizations who ought to be respected.
If used, it falls under the following provisions: Copyright disclaimer section 107 of the Copyright Act 1976. "Fair use" is allowed for purposes such as criticism, comment, news reporting, teaching, scholarships, and research.
✅ If you are the owner of the materials used in this video, contact us, and we will follow your request immediately: info(at)thenewafricachannel.com
▬▬▬▬▬▬▬▬▬
✅COMMENTING POLICY
Keep your comments and posts appropriate, helpful, and relevant. Any offensive, disrespectful, harmful, threatening, vulgar, obscene, or inappropriate content will be removed immediately. Spamming, vandalizing, promoting, and advertising are also not allowed. While we encourage free speech and open discussion, attacking or harassing other users is not tolerated. Repeat violators of this policy will be reported and may face a ban.
▬▬▬▬▬▬▬▬▬
#AfricaNews #TopAfricaNews #News #NewsAfrica #AfricaNews
Watch video China Shuts down US criticism about Zambia debt trap online, duration online in high quality that is uploaded to the channel The New Africa Channel 26 January 2023. Share the link to the video on social media so that your subscribers and friends will also watch this video. This video clip has been viewed 14,024 times and liked it 381 visitors.
