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China Lays Out Three-Point Plan at Global Debt Relief Talks

Bloomberg business news
China’s Megabanks Plan Funding Spree

China said it wants multilateral lenders to participate in the debt restructuring of poorer nations as part of a three-point plan put forward at talks with the World Bank and other creditors in Washington this week. 

Wang Wenbin, a spokesman for the Foreign Ministry, outlined proposals delivered at the Global Sovereign Debt Roundtable, providing fresh insight into China’s demands to find a solution to the debt crisis.