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China’s top diplomat holds debt talks with Zambia after appeal for restructure under G20 common framework

Top Chinese diplomat Yang Jiechi’s Zambia visit could not have come at a better time.Africa’s second-biggest copper producer has asked to restructure its debts under a new “common framework” supported by the Group of 20 major economies in which Beijing – Zambia’s largest bilateral lender – holds the key to easing the country’s debt troubles.With the common framework, China and other G20 countries are expected to coordinate their discussions to restructure Zambia’s debts. China will be the lead…Top Chinese diplomat Yang Jiechi’s Zambia visit could not have come at a better time.Africa’s second-biggest copper producer has asked to restructure its debts under a new “common framework” supported by the Group of 20 major economies in which Beijing – Zambia’s largest bilateral lender – holds the key to easing the country’s debt troubles.With the common framework, China and other G20 countries are expected to coordinate their discussions to restructure Zambia’s debts. China will be the lead…Read MoreSouth China Morning Post