China Agrees to Restructure Zambia’s Debt. Are Other Poor Borrowers Next?

A.M. Edition for Aug. 5. China and other government creditors recently agreed to negotiate debt relief for the southern African nation of Zambia. WSJ deputy bureau chief for Africa Gabriele Steinhause says the move marks a milestone in an international effort to avoid a wave of chaotic defaults among developing countries as interest rates rise worldwide. Plus, as China flags, luxury brands set their sights on Middle America. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices