Beijing tells US to fix own debt problems after Yellen calls China a barrier to solving Zambia crisis
Chinese embassy in Zambia responds to US Treasury secretary’s comment that progress from China on a debt deal with Zambia had taken too long
Yellen says she discussed Zambia debt with Chinese Vice-Premier Liu He in Davos last week and ‘our talks were constructive’
Beijing has called on the United States to clear up its own debt issues before making accusations about Chinese lending in Africa, after US Treasury Secretary Janet Yellen said China was a “barrier” to ending Zambia’s debt crisis.
A statement released by the Chinese embassy in Zambia on Tuesday said the best prospect for debt issues outside America would be “the US Treasury Department solving the US’ own domestic debt problem”.
“In fact, the biggest contribution that the US 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,” the embassy statement said.