Chinese President Xi Jinping told Zambia that Beijing is seeking to expand bilateral ties with Lusaka, amid China’s increasing role in the African country’s debt restructuring.
China-Zambia relations have maintained positive momentum, Xi told Zambian President Hakainde Hichilema in a phone call, Chinese state media reported.
China will allow more Zambian products into its markets and strengthen epidemic response cooperation, Xi said.
In a statement on Facebook, Hichilema said: “We discussed the potential for greater cooperation and win-win partnerships, the abundant investment opportunities that Zambia offers, and our shared commitment to working together to address and resolve the debt issue.”
Zambia’s external debt stood at $17.27 billion by the end of 2021, after it became the first nation to default during the COVID-19 pandemic. China held $5.78 billion of Zambia’s foreign debt figure.
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