POLITICS_ Senators Signal Concerns Over China’s Global Investments

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POLITICS

Senators Signal Concerns Over China’s Global Investments

About 70 countries are hosting projects funded under China’s plan, with many of them in deep debt distress

By Siobhan Hughes and Josh Zumbrun
Aug. 5, 2018 8:58 p.m. ET

WASHINGTON—Several U.S. senators are pressing the Trump administration to detail what it is doing to deal with Beijing’s financing of international infrastructure projects that have left many countries indebted to China and potentially in need of bailouts.

In a letter to Treasury Secretary Steven Mnuchin and Secretary of State Mike Pompeo, the senators asked officials how they will push the International Monetary Fund to address problems arising from China’s global investment plan, the “Belt and Road Initiative.”

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READ MORE: https://www.wsj.com/articles/senators-signal-concerns-over-chinas-global-investments-1533517099

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