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Asia's 'payday loans' assaulted by Arthur B Culvahouse Jr, brand new United States diplomat to Australia

Arthur B Culvahouse Jr stated the amount of money agreed to Pacific countries appears easy and attractive in advance.

ABC Information: Matt Roberts

The United that is new States to Australia has ratcheted up his assaults on China, accusing Beijing of "payday loan" diplomacy when you look at the Pacific.

Tips:

  • The ambassador warned Pacific countries to "read the print that is fine
  • Their opinions echo US Vice-President Mike Pence's "debt trap" statements
  • ANU analyst claims Mr Culvahouse's caution is "over the most effective"

Arthur B Culvahouse Jr made the remark not as much as hour after being ceremonially welcomed to Canberra by the Governor-General.

US Vice-President Mike Pence has over and over accused Asia of "debt trap" diplomacy, saying Beijing intentionally loads tiny nations with unaffordable debts that it can utilize as leverage.

"I would personally utilize stronger language — I would personally utilize cash advance diplomacy," Mr Culvahouse stated.

"we think it is on us, every one of the allies additionally the western or liberal democracies, to teach individuals concerning the hazards of the loans.

"the cash appears appealing and simple in advance, you better browse the small print."

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