{"id":41269,"date":"2023-02-26T21:05:48","date_gmt":"2023-02-26T21:05:48","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/pf-presidential-candidate-mundubile-urges-president-hichilema-to-visit-china-amid-debt-restructuring-crisis"},"modified":"2023-02-27T09:08:08","modified_gmt":"2023-02-27T09:08:08","slug":"pf-presidential-candidate-mundubile-urges-president-hichilema-to-visit-china-amid-debt-restructuring-crisis","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/pf-presidential-candidate-mundubile-urges-president-hichilema-to-visit-china-amid-debt-restructuring-crisis","title":{"rendered":"PF Presidential Candidate Mundubile Urges President Hichilema to Visit China Amid Debt Restructuring Crisis"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zambia. <\/strong><\/span>Zambian lawmaker Hon Brian Mundubile has advised President Hakainde Hichilema to swallow the humble pie and go to China amid the economic crisis faced by the country. The PF presidential candidate has warned that if the President fails to visit China and advise his counterpart, Zambians should brace themselves for even harder economic challenges ahead. Mundubile has highlighted the need for the Zambian government to engage more meaningfully with China in the debt restructuring process, noting that China\u2019s debt accounts for about 30% of the country\u2019s total debt stock.<\/p>\n<p>Zambia\u2019s economic challenges require urgent attention from the government. As Hon Brian Mundubile, a PF presidential candidate and a lawmaker in Zambia, noted, \u201cif the President fails to go to China, we should all prepare for a harsh economy, we should prepare for harsh times ahead.\u201d Speaking to the media at Parliament, Mundubile advised President Hakainde Hichilema to \u201cswallow the humble pie, go to China, advise the President to go to China and confer with his counterpart so that we can get some debt restructuring and put our economy back on track.\u201d<\/p>\n<p>Mundubile emphasized the need for the Zambian government to engage more meaningfully with China in the debt restructuring process. \u201cIn this particular process of restructuring debt&#8230; they should have been very polite to China. Because China\u2019s debt is about 30% of the total debt stock,\u201d he said. The lawmaker highlighted that China has been an all-weather friend to Zambia, providing support and assistance in various development projects, including the construction of the TAZARA Rail Line and the country\u2019s beautiful airport.<\/p>\n<p>Mundubile noted that the President\u2019s visit to China could help in finding a lasting solution to the country\u2019s economic challenges. \u201cThe President has done over 30 trips; he has not yet gone to China. We wonder why our President of Zambia does not want to respect the fact that China is a very good friend of Zambia and we need China for our development,\u201d he said. The lawmaker also advised the new government to be polite to China during the debt restructuring process, given the significant role the country has played in Zambia\u2019s development.<\/p>\n<p>Zambia\u2019s economic crisis has been a major concern for the government and citizens alike. According to Mundubile, there is panic in the Ministry of Finance as they were hoping to have restructured the debt by now. However, the lawmaker stressed that Zambia needs China for its development, and the government must strike a balance between debt sustainability and growth. \u201cSo going forward, we want to advise the New Dawn Government that they swallow the humble pie, go to China, advise the President to go to China and confer with his counterpart so that we can get some debt restructuring and put our economy back on track,\u201d he reiterated.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zambia\">Zambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zambia. Zambian lawmaker Hon Brian Mundubile has advised President Hakainde Hichilema to swallow the humble pie and go to China amid the economic crisis faced by the country. The PF presidential candidate has warned that if the President fails to visit China and advise his counterpart, Zambians should brace themselves for even harder [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":41268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12,248],"tags":[234,235,233],"class_list":["post-41269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","category-to-homepage","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PF Presidential Candidate Mundubile Urges President Hichilema to Visit China Amid Debt Restructuring Crisis - Zambia<\/title>\n<meta name=\"description\" content=\"Zambian 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