Last year, a People’s Republic of China-owned and -operated mine in Zambia had a catastrophic failure of a mine tailings wall, creating an environmental disaster for Zambian citizens.
[A] tailings dam owned by Sino-Metals collapsed and unleashed toxic sludge into the Kafue River, farmlands along the river valley are scorched, hundreds of people lack a source of clean drinking water and residents continue to live on land contaminated with heavy metals.
The Zambian government meekly aided the PRC and its mine operators in covering up this disaster, trying to hide it from the public. To hell with its own citizens who still are paying with their health and their lives for the failure, now of their own government in addition to that of the PRC and its mine operators.
According to a US House Select Committee on China,
The Zambian government, which owes $6.6 billion to the Chinese government and Chinese lenders, has held back from pressing Sino-Metals over the disaster, fearing retaliation from China….
Retaliation. Here’s an alternate solution: cancel the contract with Sino-Metals and all other PRC “investments” and “loans” in Zambia, declare the $6.6 billion debt reclassified as the PRC’s and Sino-Metals’ debt to Zambia for the cleanup, and dare the PRC to retaliate in any material way.
No actual dollars would flow from this, but two salutary things would result: Zambia would be freed from a debt it never should have taken on in the first place—PRC terms are notoriously usurious and are designed for to force default and confiscation of the collateral (here, the mine itself) put up for the loan. Zambia also would be out from under the PRC’s thumb and free(r) to trade its wealth of natural resources to more honorable nations under more equitable terms.