Highlights

USA expressed concern about Chinese loans to Asian nations
US said Beijing may be giving loans for coercive leverage
Washington said that it is holding talks with Asian countries including India

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USA worried about China giving loans to India's neighbours: 'coercive leverage' concern

Name: USA worried about China giving loans to India's neighbours: 'coercive leverage' concern
Uploaded: 2023-02-25T10:13:35.000+05:30
Duration: T00M40S
Channel: Editorji News Desk
Description: Pakistan recently said that the Board of China Development Bank (CDB) had approved a $700 million credit facility to Islamabad.

Pakistan recently said that the Board of China Development Bank (CDB) had approved a $700 million credit facility to Islamabad.

Updated: Sep 02, 2022 10:53

Editorji News Desk

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USA worried about China giving loans to India's neighbours: 'coercive leverage' concern

The United States of America has expressed concern about China ensnaring India's neighbours in debt traps to serve its own interests.

Donald Lu, a senior official at the US State Department said that Washington is deeply concerned that China may be giving loans to countries in India's immediate neighbourhood for coercive leverage. The official said that the US is in talks with India and other countries in the region to help them make independent decisions, and not be compelled by China.

The comments came on the back of Pakistan announcing that the Board of China Development Bank (CDB) had approved a $700 million credit facility to Islamabad.

Lu's remarks came ahead of the India trip of Secretary of State Antony Blinken. The top American diplomat is travelling to New Delhi on a three-day official visit from March 1 to 3.

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Frequently Asked Questions

What is the main concern of the USA regarding China's lending to India's neighbors?❯

The United States is concerned that China may be giving loans to countries in India's immediate neighborhood to exert coercive leverage over them, potentially ensnaring them in debt traps to serve China's own interests.

Who expressed the concern about China's lending practices?❯

What is the purpose of the US talks with India and other regional countries?❯

What recent development involving Pakistan and China Development Bank is mentioned in the article?❯

When is Secretary of State Antony Blinken scheduled to visit India?❯