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BCN-14
US-CHINA-INVESTMENTS
Pompeo says US to fight China ’empire’ of ‘bribes’
WASHINGTON, Oct 27, 2018 (BSS/AFP) – US Secretary of State Mike Pompeo on
Friday accused China of seeking to build an “empire” by bribing leaders with
investment and vowed to fight it “at every turn.”
As tensions led by trade disputes soar between China and President Donald
Trump’s administration, the United States has increasingly warned developing
nations, especially in Latin America, to beware Beijing’s economic push.
Speaking to conservative radio host Hugh Hewitt, Pompeo said that the
United States welcomed “commercial competition with China on a fair and
reciprocal basis.”
“But when China shows up with bribes to senior leaders in countries in
exchange for infrastructure projects that will harm the people of that
nation, then this idea of a treasury-run empire build is something that I
think would be bad for each of those countries,” Pompeo said.
China’s economic push “certainly presents risk to American interests, and
we intend to oppose them at every turn,” he said.
Pompeo cast the Chinese policy as part of a more assertive drive by
President Xi Jinping, saying that Beijing’s willingness to splash money
around the world has increased in the past two to three years.
Xi in 2015 pledged $250 billion in direct investment in Latin America and
the Caribbean and twice as much in trade, meaning that China would displace
the United States as the largest economic partner in some countries.
China defends its trade as mutually beneficial and says that, unlike
Western powers, it will steer clear of meddling in other countries’ internal
affairs.
But critics say that China’s interest in Latin America and Africa is
almost exclusively about extracting natural resources and otherwise boosting
its own economy, with little regard for local workers or long-term local
growth.
China has also been wooing countries away from Taiwan, which it considers
a province awaiting reunification, with El Salvador in August becoming the
latest to recognize Beijing and dump Taipei.
BSS/AFP/HR/0952