China's is using 'pay-day loan diplomacy' to exert influence in t...
SYDNEY - China’s is using “pay-day loan diplomacy” to exert influence in the Pacific, the new U.S. ambassador to Australia said on Wednesday, comments that threaten to inflame regional tensions.
The United States and its regional allies have been battling China for greater influence in the Pacific - a region that has votes at international forums like the United Nations and controls vast swathes of a resource-rich ocean. Late last year U.S. Vice President Mike Pence accused China of ensnaring tiny island nations in foreign aid “debt traps”.
China’s embassy in Australia did not immediately respond to requests for comment, but China’s Ambassador to Australia last year said Beijing does not place undue debt on the region.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senior China diplomat urges U.S. to meet China halfwayThe Chinese government's top diplomat, State Councillor Wang Yi, said on Fr...
Read more »
Senior China diplomat says China-U.S. trade talks have made substantive progressThe Chinese government's top diplomat, State Councillor Wang Yi, said on Fr...
Read more »
US tech firms fear China could be spying on them using power cords, report saysU.S. technology companies asked their Taiwanese suppliers to shift production of some components out of mainland China on fears that Beijing could be spying on them using power cords and plugs, reported Nikkei Asian Review.
Read more »
China official says West using Christianity to undermine countryWestern forces are trying to use Christianity to influence China's society ...
Read more »
China official says West using Christianity to 'subvert' powerWestern forces are trying to use Christianity to influence China's society ...
Read more »
Italy plans to join China's Belt and Road Initiative: FTItaly plans to sign a memorandum of understanding to become a part of China&039...
Read more »
As China Growth Slows, U.S. Companies See Falling ProfitsChina gave its lowest ever estimate for GDP growth. Meanwhile, U.S. companies earning less from China business.
Read more »
China to extend winter anti-smog measures for another yearChina will extend winter anti-smog measures such as production cuts and traffic ...
Read more »
European markets seen lower as investors watch US-China trade relationsStocks in Europe are set to open lower as market players wait for clarity from U.S.-China trade talks.
Read more »