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China Is Now a Key Player in Zambia’s Worsening Debt Crisis

Zambia's President Edgar Lungu shakes hands with China's President Xi Jinping before their bilateral meeting at the Great Hall of the People on September 1, 2018. Nicolas ASFOURI / POOL / AFP

We’ll know next week if Zambia is going to be the first African country this year to default on part of its debt, or if it’ll get the repayment reprieve it’s been asking for. It’s clear that the country’s financial fate now largely rests with China.

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