• Yellen in Zambia to discuss debt to China, public health

    3 days ago - By Bésame

    LUSAKA, Zambia - U.S. Treasury Secretary Janet Yellen is in Zambia on the second leg of her African tour, a stop aimed at promoting American investment and ties while she's in a capital city that is visibly dominated by Chinese dollars.
    Yellen arrived via the renovated Kenneth Kaunda International Airport, which expanded in 2015 with Chinese financing, and drove past billboards and newly built firms bearing Chinese signage, evidence of Beijing's influence and increasing competition with the U.S.
    But the growth that the country has experienced has come with a heavier debt burden. Zambia...
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