Former central bank chief Zhou Xiaochuan said Monday that indebted countries have to find their own solutions for their debt problems and cant rely solely on assistance from the G-20.
The G-20s debt relief initiative can alleviate the difficulties that have been caused and aggravated by the coronavirus pandemic, but we also need to recognize that there are a number of reasons for global debt problems, many of which have nothing to do with the pandemic, Zhou said at the Caixin Summit in Beijing.
The epidemic, to some degree, has aggravated existing problems, Zhou said. (Countries) have to find their own solutions and treat their problems with the right medicine.
The former government of the Peoples Bank of Chinas statement followed news …
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