. Earth Science News .
TRADE WARS
Pompeo says US to fight China 'empire' of 'bribes'
by Staff Writers
Washington (AFP) Oct 26, 2018

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.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Japan PM heads to China looking for economic common ground
Tokyo (AFP) Oct 23, 2018
Japan's Prime Minister Shinzo Abe makes a rare trip to China this week hoping improved relations will lead to new economic partnerships, as the two countries come under US pressure on trade. The visit is the first by a Japanese premier since 2011 and is part of a years-long process of repairing ties in the wake of a disastrous falling-out in 2012, when Tokyo "nationalised" disputed islands claimed by Beijing. The incident prompted anti-Japanese riots in China, and kicked off a frosty spell that ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Indonesia drops disinfectant on quake-hit Palu

UN Security Council to meet on Myanmar atrocities report

In hurricane-hit Mexico Beach, a marathon clean-up begins

Boulders litter Uganda villages crushed by deadly landslide

TRADE WARS
Memory-steel makes for new material to strengthen buildings

Molecular memory can be used to increase the memory capacity of hard disks

Use of raw materials to double by 2060: OECD

Novel material could make plastic manufacturing more energy-efficient

TRADE WARS
Oyster populations at risk as climate change transforms ocean ecosystems

'Thousands' of Senegalese fishermen have vanished: Greenpeace

Do mussels reveal the fate of the oceans

Rising seas threaten dozens of UNESCO World Heritage Sites

TRADE WARS
UTSA creates web-based open source dashboard of North Pole

Life on the floor of the Arctic Ocean, with rigor and in detail

'Year of extremes' for shrinking Swiss glaciers in 2018: study

Arctic sea ice decline driving ocean phytoplankton farther north

TRADE WARS
A topical gel to protect farmers from lethal effects of pesticides

Summer drought may shrink supplies of French spuds

Judge slashes award but upholds verdict in Monsanto cancer trial

'Himalayan Viagra' under threat from climate change: researchers

TRADE WARS
Volcanic ash impact on air travel could be reduced says new research

Hurricane Willa slams Mexico's Pacific coast

Flash floods in Tunisia leave five dead, two missing

Floods in Qatar as almost a year's rain falls in one day

TRADE WARS
Comoros displays captured 'rebel' arsenal

Migingo Island: a rocky marriage between Uganda and Kenya

S.African army chief fires warning shots over budget cuts

Ethiopia PM accuses 'plotters' over soldiers' protest

TRADE WARS
Bonobos make themselves appear smaller than they actually are

Human neurons are electrically compartmentalized, study finds

Dry conditions in East Africa half a million years ago possibly shaped human evolution

Lifespan 2040 ranking: US down, China up, Spain on top









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.