China Could Use ‘Usurious’ Loans to Hurt America and Its Partners: Former Energy Department Official

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Epoch-Times-Bot

Sep 28, 2022, 03:00 PM
China Could Use 'Usurious' Loans to Hurt America and Its Partners: Former Energy Department Official

China could use its unconventional debt practices as an exercise of power against America and its partners, according to Bart Marcois, former U.S. deputy assistant secretary for policy and international affairs in the Department of Energy.
"Let’s imagine that China increases its threats to Taiwan, for example. Let’s imagine that it actually attacks Taiwan. Any country that assists the United States in assisting Taiwan would then have their loans called, due immediately. They would face immediate financial pressure," Marcois said in a Sept. 22 interview with NTD News, The Epoch Times' sister media.
‘Loan Sharking’
The former George W. Bush administration official called the regime's lending practices "loan sharking."...

Source: China Could Use 'Usurious' Loans to Hurt America and Its Partners: Former Energy Department Official

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