Publication

This paper examines China’s position towards sovereign debt management restructuring and argues that in international discussion on the issue, Beijing’s priority will be to minimize international financial instability while protecting the development needs of developing countries. To provide a context for understanding China’s policy position on sovereign debt management, the author reviews Chinese reactions to the international debate about sovereign debt restructuring in the early 2000s as well as by examining Chinese discourse and initiatives regarding sovereign debt management following the global financial crisis that started in 2007.