Up to date Dec. 13, 2023 12:53 am ETChina is upending how the global monetary machine handles debt crises within the creating global. Wall Boulevard isn’t satisfied.Massive bond fund managers cried foul ultimate month when China blocked their deal to salvage investments in defaulted Zambian debt. The smackdown got here simply weeks after Chinese language officers brokered a non-public debt restructuring with Sri Lanka, outmaneuvering Western governments that had been looking to do the similar.Copyright ©2023 Dow Jones & Corporate, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
