TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    No Hindu Involved in IndiGo Slap Incident, Still Congress, Ecosystem Try To Push 'Muslim Victimhood' Agenda

    No Hindu Involved in IndiGo Slap Incident, Still Congress, Ecosystem Try To Push ‘Muslim Victimhood’ Agenda

    A Fact-Check From Poll Body After Tejashwi Yadav's "Name Missing" Claim

    Tejashwi Yadav’s Big Lie Busted: EC Confirms His Name in Electoral Roll, Releases Serial Number

    Statue of Chhatrapati Shivaji Maharaj Desecrated by Amin Syed, Sparks Tensions in Maharashtra

    Statue of Chhatrapati Shivaji Maharaj Desecrated by Amin Syed, Sparks Tensions in Maharashtra

    EC's Big Move to Double Pay For BLOs, Revises Renumeration After A Decade

    EC’s Big Move to Double Pay For BLOs, Revises Renumeration After A Decade

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    What Does Home Insurance Typically Cover?

    What Does Home Insurance Typically Cover?

    ‘Focused on India’s Interest’: Piyush Goyal Tells Parliament

    ‘Focused on India’s Interest’: Piyush Goyal Tells Parliament After Trump’s Tariff Blow

    IMF Raises Global Growth Forecast; India Set to Expand 6.4 pc in FY26

    IMF Raises Global Growth Forecast; India Set to Expand 6.4 pc in FY26

    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Project-18: India’s Future Flagship of Maritime Power

    India’s Mightiest Warship Yet: Project-18 Destroyer Set to Redefine Naval Power With 144 Missiles, Hypersonic Firepower

    One Terrorist Down in J&K's Kulgam, Army Says 'Operation Akhal' Underway

    One Terrorist Down in J&K’s Kulgam, Army Says ‘Operation Akhal’ Underway

    “Ireland Isn’t Safe”: Indian National Issues Warning on Safety After Mob Attack in Dublin

    Nursery Student Assaulted for ‘Radhe Radhe’ Greeting; Accused Principal Arrested in Durg

    Trump’s Tariff Move Derails India-US F-35 Fighter Jet Agreement

    F-35 Fighter Jet Deal with US Off the Table After Trump’s Tariff Shock : Report

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Turkish drones helped Pakistan, now Indian tourists are helping crash Turkey’s economy

    Tourism Boycott from India Leaves Turkey’s Peak Season in Shambles, 37% Drop After Pro-Pakistan Stance

    Indian-Origin Man Alleges “Unprovoked” Racist Attack in Dublin, Says Violence Against Minorities Rising in Ireland

    Indian-Origin Man Alleges “Unprovoked” Racist Attack in Dublin, Says Violence Against Minorities Rising in Ireland

    India Showcases Pralay Missile to Armenian Delegation Amid Tactical Strike Talks

    Armenian Team Likely Saw Pralay Quasi-Ballistic Missile Tests, Signals Interest in India’s Tactical Arsenal

    Six Indian Companies Sanctioned by US for Violating Iran Oil Restrictions

    US Imposes Sanctions on Six Indian Firms Over Iran Oil Trade Links

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Chola Legacy, Modi’s Message: Restoring Dharma in Tamil Political Discourse

    Rajendra Chola to PM Modi: Reclaiming Tamil Nadu’s Forgotten Hindu Civilizational Heritage

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Top Casino Bonuses to Claim in 2025

    Top Casino Bonuses to Claim in 2025

    A Taste of India: Discovering Five Iconic Alcoholic Beverages

    A Taste of India: Discovering Five Iconic Alcoholic Beverages

    Infuse Your Outdoors With Elegance with Gate Lights and Garden Lights

    Infuse Your Outdoors With Elegance with Gate Lights and Garden Lights

    How to Use Bilbet Mobile App for Smart Betting – Pro Tips for Indian Gamblers

    How to Use Bilbet Mobile App for Smart Betting – Pro Tips for Indian Gamblers

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    No Hindu Involved in IndiGo Slap Incident, Still Congress, Ecosystem Try To Push 'Muslim Victimhood' Agenda

    No Hindu Involved in IndiGo Slap Incident, Still Congress, Ecosystem Try To Push ‘Muslim Victimhood’ Agenda

    A Fact-Check From Poll Body After Tejashwi Yadav's "Name Missing" Claim

    Tejashwi Yadav’s Big Lie Busted: EC Confirms His Name in Electoral Roll, Releases Serial Number

    Statue of Chhatrapati Shivaji Maharaj Desecrated by Amin Syed, Sparks Tensions in Maharashtra

    Statue of Chhatrapati Shivaji Maharaj Desecrated by Amin Syed, Sparks Tensions in Maharashtra

    EC's Big Move to Double Pay For BLOs, Revises Renumeration After A Decade

    EC’s Big Move to Double Pay For BLOs, Revises Renumeration After A Decade

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    What Does Home Insurance Typically Cover?

    What Does Home Insurance Typically Cover?

    ‘Focused on India’s Interest’: Piyush Goyal Tells Parliament

    ‘Focused on India’s Interest’: Piyush Goyal Tells Parliament After Trump’s Tariff Blow

    IMF Raises Global Growth Forecast; India Set to Expand 6.4 pc in FY26

    IMF Raises Global Growth Forecast; India Set to Expand 6.4 pc in FY26

    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Project-18: India’s Future Flagship of Maritime Power

    India’s Mightiest Warship Yet: Project-18 Destroyer Set to Redefine Naval Power With 144 Missiles, Hypersonic Firepower

    One Terrorist Down in J&K's Kulgam, Army Says 'Operation Akhal' Underway

    One Terrorist Down in J&K’s Kulgam, Army Says ‘Operation Akhal’ Underway

    “Ireland Isn’t Safe”: Indian National Issues Warning on Safety After Mob Attack in Dublin

    Nursery Student Assaulted for ‘Radhe Radhe’ Greeting; Accused Principal Arrested in Durg

    Trump’s Tariff Move Derails India-US F-35 Fighter Jet Agreement

    F-35 Fighter Jet Deal with US Off the Table After Trump’s Tariff Shock : Report

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Turkish drones helped Pakistan, now Indian tourists are helping crash Turkey’s economy

    Tourism Boycott from India Leaves Turkey’s Peak Season in Shambles, 37% Drop After Pro-Pakistan Stance

    Indian-Origin Man Alleges “Unprovoked” Racist Attack in Dublin, Says Violence Against Minorities Rising in Ireland

    Indian-Origin Man Alleges “Unprovoked” Racist Attack in Dublin, Says Violence Against Minorities Rising in Ireland

    India Showcases Pralay Missile to Armenian Delegation Amid Tactical Strike Talks

    Armenian Team Likely Saw Pralay Quasi-Ballistic Missile Tests, Signals Interest in India’s Tactical Arsenal

    Six Indian Companies Sanctioned by US for Violating Iran Oil Restrictions

    US Imposes Sanctions on Six Indian Firms Over Iran Oil Trade Links

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Chola Legacy, Modi’s Message: Restoring Dharma in Tamil Political Discourse

    Rajendra Chola to PM Modi: Reclaiming Tamil Nadu’s Forgotten Hindu Civilizational Heritage

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Top Casino Bonuses to Claim in 2025

    Top Casino Bonuses to Claim in 2025

    A Taste of India: Discovering Five Iconic Alcoholic Beverages

    A Taste of India: Discovering Five Iconic Alcoholic Beverages

    Infuse Your Outdoors With Elegance with Gate Lights and Garden Lights

    Infuse Your Outdoors With Elegance with Gate Lights and Garden Lights

    How to Use Bilbet Mobile App for Smart Betting – Pro Tips for Indian Gamblers

    How to Use Bilbet Mobile App for Smart Betting – Pro Tips for Indian Gamblers

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

‘Cancel our debt and we’ll support One China Policy,’ said Zambia. Xinhua news ignored the debt part, celebrated the rest

TFI Desk by TFI Desk
23 July 2020
in Africa
zambia china xi jinping debt
Share on FacebookShare on X

Zambia President Edgar Lungu on Monday had a telephonic conversation with Chinese President Xi Jinping where the former called for some debt-relief measures in the wake of a global pandemic, which to begin with has been China’s making.

“President Lungu called for debt relief and cancellation in light of reduced revenue due to the negative impact of the pandemic, as well as competing needs for the country, to secure adequate resources to fight the pandemic and to stimulate the economy,” said a statement issued by Zambian spokesman Isaac Chipampe.

RelatedPosts

China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

India-China Ties Back on Track? Delhi Reopens Tourist Visas for Chinese Citizens After 5 Years

Indian Army Receives First Apache Attack Helicopters from the US at Hindon Airbase

Load More

However, Xinhua news, the official state-run news agency of China published a report that entirely gobbled up the part of Zambia calling for some debt-relief and instead only published the part where the country said it supports Xi Jinping’s One-China policy.

The CCP owned media agency conveniently cut the part which didn’t suit its narrative and peddled its own agenda. The Xi Jinping regime is in a fix over the debt issue and Zambia knows it and therefore asking for debt relief has put China in a fix. The Chinese state media tried to spin it in a positive way but in doing so exposed itself.

Southern Africa’s third-largest economy, Zambia’s public debt has increased significantly in recent years due to the introduction of China’s ambitious Belt and Roads Initiative in the sub-Saharan country. According to CNBC, official reports had stated the external debt as rising by $10.05 billion at the end of 2018 compared to $8.74 billion a year earlier in 2017.

China happens to be Africa’s biggest lender with debts worth more than $150 billion owed. Overall, in 2019, China’s outstanding debt claims stood at well over $5 trillion.

In the wake of the coronavirus pandemic, African nations are trying to renegotiate the debt payments to China. And although China has paused debt repayment for 77 countries with 40 of them being in Africa, the hidden clauses of these supposedly good samaritan moves are certainly being questioned.

China’s state newspaper Global Times has itself noted that preferential loans such as those by the Export-Import Bank of China (Eximbank), “are not applicable for debt relief.”

The debt-trap policy forms the bedrock of the BRI and China is using it to hash out the assets of the country in lieu of the debts and also extract the support.

The modus-operandi is fairly simple—enter a host country on the pretext of development activities, hand out fishy loans with exorbitant interest rates and when the state fails to repay it, capture the territories by swooping in with debt-equity swaps.

In nutshell BRI projects are cut-off from local economic and developmental needs of the host country and the example of Pakistan in our neighborhood is a shining example of it. CPEC has crippled Pakistan as it is forced to import a lot of capital goods from China that exhausted its already meager foreign reserves.

That being said, the African nations are still pretty much in the grasp of Chinese as was seen during the United Nations Human Rights Council’s (UNHRC) convention in Geneva, Switzerland to vote on the controversial Hong Kong National Security Bill. 53 nations came in support of China and its bill and the majority of the nations were rom Africa.

Therefore it’s a long road but with Zambia playing hard-ball against China, a strong message has been delivered to the other African nations that they shouldn’t succumb easily to the whimsies of the red authoritarian regime.

Other African nations are also slowly but steadily rising up to China. Reported by TFI earlier, a Kenyan appellate court had recently passed a judgment against the USD 3.2 billion Standard Gauge Railway (SGR) project between Kenya government and the China Road and Bridge Corporation (CRBC) under BRI, by calling the contract ‘illegal’. The newly built Chinese railway line, from the port city of Mombasa to the capital, Nairobi had shot up the cost of transportation by 50 percent. 

China holds the ‘One China Policy’ very dear to itself and it will go to any length to project immense support for its policies to the world.

Tags: ChinaZambia
Share9TweetSend
Previous Post

‘Indians’ data belongs to India,’ Ravishankar Prasad sends a clear message to social media companies

Next Post

A Gandhi family loyalist who faced multiple setbacks: The heart-breaking story of Rajasthan speaker CP Joshi

Related Posts

Five-Nation Tour: Modi to Visit Namibia, First Indian PM in 30 Years
Africa

Five-Nation Tour: Modi to Visit Namibia, First Indian PM in 30 Years to Boost Mineral, Energy, and Digital Ties

8 July 2025

Prime Minister Narendra Modi’s upcoming visit to Namibia on July 9 marks a pivotal moment in India’s diplomatic and...

when gandhi's statue was removed in ghana
Africa

When Mahatma Gandhi’s Statue Was Removed in Ghana for Being ‘Racist’

4 July 2025

Indian Prime Minister Narendra Modi is currently on a diplomatic visit to five countries. In the first leg of...

India plays pivotal role in the Chagos Islands handover to Mauritius
Africa

India plays pivotal role in the Chagos Islands handover to Mauritius

5 October 2024

The United Kingdom have announced that an agreement had been reached to hand over the Chagos Islands to Mauritius,...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Gandhi Family Losing Grip allies Disown Rahul’s Trump-Style Attack on Indian Economy

Gandhi Family Losing Grip allies Disown Rahul’s Trump-Style Attack on Indian Economy

00:06:28

Trump's Tariff Prompt India to Exit F-35 Jet Deal?

00:06:28

Sawan’s Fire, Bharat’s Voice: How India Is Leading the Global Narrative Now

00:06:03

When Reuters Insults India, Its Indian Staff Looks the Other way

00:07:38

NISAR Explained: Why the World Is Watching ISRO and NASA’s Next Move

00:07:26
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited