Zambia finds $2 bn more debt on books, with China major creditor

Zambia debt

Of the total debt, Zambia owes China $5.75 billion -- or $6.18 billion including unpaid interest. PHOTO | POOL 

Zambia's newly elected government on Thursday said it owed $2 billion more to foreign creditors than previously thought, with more than $6 billion owed to China alone.

The resource-rich but impoverished African nation said external debt stood at $14.48 billion at the middle of the year -- more than 60 percent of gross domestic product.