China forgives $200m Zambia debt.

Position:Finance - Brief article
 
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Zambia's economic fortunes edged up another notch with the announcement by Chinese President Hu Jintao that China is writing off the $211m owed by the central African nation. The debt was incurred when China built the Tanzania-Zambia railway to circumvent Rhodesia (now Zimbabwe) in the 1970s. The Tazara line enabled Zambia to export its copper through Dares-Salaam without going through the Rhodesia war zone. Hu says the debt cancellation is...

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