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EXCLUSIVE: The White house shot back at China and its Multi-billion-dollar global infrastructure-project, the belt and Road Initiative (BRI), this week, to say all the results would be “highly irresponsible” and other countries should be wary of cooperation with China.
The BRI consists of China, the planned economic infrastructure projects and investments in dozens of countries around the world. While China has claimed that its investments benefit other countries, the initiative was considered to create China’s way you to your own trading business, with an eye in the direction of the journal Russia in global Affairs, and the preparation of financial dependencies ends.
“China’s belt and road pretending to be the Initiative to address the legitimate infrastructure demands of the world’s economies, the less developed economies, but in the first line of the export weights to China’s own economic and industrial overcapacity, excess labor, large foreign exchange reserves and to convert this into political influence and military-strategic access,” a senior administration official told Fox News on Wednesday.
“In most or all cases, China’s state-driven approach for the development of the infrastructure, corruption, enabled poor household promoted, leadership, and corrupt economic governance and the Institute professionality in the recipient countries,” the official said. “It didn’t take long to recognize much of the world, that for all of China’s claims, the results in the area of the development of the infrastructure projects are highly dubious.”
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A war of words is escalating between China and the National security Advisor to John Bolton, who warned this week to be subject to the Ukraine, China ‘ s machinations.
Before his trip to Ukraine, Bolton warned about the dangers of BRI. After a meeting with government representatives in Kiev, Bolton, the two countries said, “a shared commitment for the preservation of the Ukraine’s security and sovereignty, and to ensure that they are not subject to Chinese economic exploitation.”
China hit back with its own statement.
“We are firmly against Mr. Bolton’s attempt to smear BRI cooperation and drive a wedge between China and other countries,” Chinese foreign Ministry spokesman Geng Shuang, said on Wednesday during a press conference that Bolton’s comment “was nothing new for us.”
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“In contrast to the” America First ” policy pursued by Shuang said, such as in the United States, the principle China holds in his BRI cooperation with over 160 countries and international organisations, comprehensive advice, shared contribution, and shared services, which has produced mutually beneficial results,”. “It is the same with our cooperation with Ukraine. I think most of the countries in the world are able to provide independent, evidence-based policy decisions in their own interest.”
China has signaled it could buy Motor Sich, Ukraine’s aircraft engine maker, the concerns of Bolton and the administration.
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“We put our concerns … unfair Chinese trade practices, the threats to national security that we have seen in the United States,” Bolton said in Kiev, Reuters reported on Wednesday.
Bolton also said Beijing has been in “debt-for-diplomacy” and the theft of intellectual property, warn of Ukraine President Vladimir Zelensky against engaging in trade with China