Illustration: Lau Ka-kuen
Is a split in the works between Zambia and its long-time business partner, China?
- Lusaka faces a growing debt crisis, and hopes Beijing can help refinance some of its loans so that it can secure new credit from IMF
- Though the countries have a history of projects since to the 1970s, China ‘remains reluctant to engage in formal agreements on debt restructuring’
Illustration: Lau Ka-kuen