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By

BEIJING: Chinese President Xi Jinping told his Zambian counterpart in a telephone call on Tuesday that China was willing to strengthen and broaden bilateral ties with Zambia, according to a Chinese state television report.

Over the past year, China-Zambia relations have maintained positive momentum, Xi said, adding that China will promote the entry of more Zambian products into the Chinese market, especially high-quality agricultural goods.

China will also strengthen epidemic control cooperation with Zambia, he told President Hakainde Hichilema.

Xi speaks with Bachelet, defends China’s rights progress

In a statement posted on his official Facebook page, 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.”

In 2020, Zambia became the first nation to default in the COVID-19 era. At the end of 2021, its external debt stood at $17.27 billion, of which China held $5.78 billion.

The Chinese media report did not mention Zambia’s debts.

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samir sardana May 31, 2022 09:28pm
Zambia is no Lanka.Zambia has copper and power - which Lanka never had.Zambia also has huge agri potential The world belongs to those who have Rare earths (which is there in PRC and Afghanistan),Semi Cond (Taiwan - which PRC will take over) and POWER (From thermal power to E -Vehicles - for which u need copper) Zambia owes only 3 Bill USD to PRC (in loans). and Zambia has already defaulted,on its loans. If Zambia grows, the debt will be,an asset leverage.The Biggest problem is POWER -and for which PRC is key - in terms of Hydro and Thermal power (Coal in Zambia and AU). If PRC restructures the loans and does a COVID interest waiver - other creditors will HAVE TO FOLLOW SUIT.dindooohindoo If Zambia plays the PRC loan restructuring well (in light of Lanka),it could get the best waiver from the other creditors also.AU is at the post -COVID takeoff stage, and copper and agri demand, will explode !
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