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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 looks appealing and simple at the start.

ABC Information: Matt Roberts

The United that is new States to Australia has ratcheted up their attacks on China, accusing Beijing of “payday loan” diplomacy when you look at the Pacific.

Tips:

  • The ambassador warned Pacific countries to “read the small print”
  • Their reviews echo US Vice-President Mike Pence’s “debt trap” statements
  • ANU analyst states Mr Culvahouse’s warning is “over the very best”

Arthur B Culvahouse Jr made the remark significantly less than hour after being ceremonially welcomed to Canberra because of the Governor-General.

US Vice-President Mike Pence has over and over repeatedly accused Asia of “debt trap” diplomacy, saying Beijing intentionally loads little 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 and also the western or democracies that are liberal to coach individuals concerning the problems of those loans.

“the amount of money appears attractive and easy in advance, you better browse the terms and conditions.”

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