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From United Press International
May 22 (UPI) -- The head of the U.S. Agency for International Development took a critical approach to Chinese economic activities in Africa during the Korea-Africa Economic Cooperation Conference in Busan.
Mark Green, the USAID administrator attending the South Korean conference on Tuesday, said Chinese involvement in developing countries should be approached with caution, Yonhap news agency reported.
Green said China could offer incentives initially with easy money but the loans could eventually result in unsustainable long-term debt.
COMMENT:-
U.S. official warns African countries against dependence on China
May 22 (UPI) -- The head of the U.S. Agency for International Development took a critical approach to Chinese economic activities in Africa during the Korea-Africa Economic Cooperation Conference in Busan.
Mark Green, the USAID administrator attending the South Korean conference on Tuesday, said Chinese involvement in developing countries should be approached with caution, Yonhap news agency reported.
Green said China could offer incentives initially with easy money but the loans could eventually result in unsustainable long-term debt.
COMMENT:-
My AKME Mk 3 "DiploSpeak" Translator renders that as "Don't trust the Chinese because if you borrow money from them you will end up owing them money and that means that they might suddenly reverse their policies and make you do things that are good for them but bad for you. Rather you should borrow money from the US because if you borrow money from us you will not end up owing us money and there is absolutely no possibility that we might suddenly reverse our policies and make you do things that are good for us but bad for you. Trust us, we are from the government, we're here to help you and the cheque is in your mouth."