G-20 Chair Sees ‘Positive Signs’ From China on Debt Deadlock
- Beijing actions in recent weeks are positive, Sitharaman says
- Discussions on nations from Zambia to Sri Lanka will continue
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China is sending encouraging signals about breaking a deadlock among global creditors over how to manage poor-country debt distress, according to an Indian official helping to lead Group of 20 efforts to resolve the crisis.
“We see a positive sign in their engagement, and therefore they’re also committing themselves to resolve this,” Nirmala Sitharaman, finance minister of India, which is this year’s chair of the G-20, said in an interview on Saturday with Bloomberg Television.