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Zambia calls off Chinese loans, saves itself from falling in Beijing’s debt trap

Lusaka [Zambia], August 6 (ANI): Southern African nation, Zambia, seems to have understood China’s debt-diplomacy, which only reaps profits to Beijing while countries are pushed towards an economic crisis, as Lusaka cancelled USD 1.6 billion Chinese loans.
Bad loans by China have already wreaked havoc in Pakistan and Sri Lanka and treading along the same path was Zambia; however, now the South African nation has called of