Pompeo says US to fight China \'empire\' of \'bribes\'

Pompeo says US to fight China 'empire' of 'bribes'

AFP  |  Washington 

US on Friday accused 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 and Donald Trump's administration, the has increasingly warned developing nations, especially in Latin America, to beware Beijing's economic push.

Speaking to conservative radio host Hugh Hewitt, said that the welcomed "commercial competition with 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," 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 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 USD 250 billion in direct investment in and the and twice as much in trade, meaning that China would displace the 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 and 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 in August becoming the latest to recognize and dump

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 26 2018. 22:05 IST