Casting Stones From a Glass House: Yellen’s Comments on Zambia’s Debt Restructuring Draw Criticism From Chinese Embassy

Casting Stones From a Glass House: Yellen’s Comments on Zambia’s Debt Restructuring Draw Criticism From Chinese Embassy


The Chinese embassy in Zambia denounced the United States over its debt limit and the “extraordinary measures” Treasury secretary Janet Yellen has implemented to stave off a U.S. debt default. Yellen said on Monday that it was very important that Zambia restructure its debt, but Zambia sees it differently. The embassy castigated Yellen’s comments in response, stressing that the U.S. has a “catastrophic debt problem.”

Chinese Embassy in Zambia Denounces U.S. Debt Limit and Yellen’s Recent Comments

Last week, U.S. Treasury Secretary Janet Yellen urged Congress to increase the government’s spending limit or the country could face default on its debts. She also noted that the Treasury would have to leverage “extraordinary measures” to keep the debt at bay until early June 2023. Federal financial

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