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US has warned others to avoid loans from Chinese state banks. But it's the biggest recipient of all
Read full article: US has warned others to avoid loans from Chinese state banks. But it's the biggest recipient of allA new report says China funneled billions in hidden loans to U.S. companies over the past quarter century, some targeting industries key to national security.
Five years since its inception, a US development agency competes with China on global projects
Read full article: Five years since its inception, a US development agency competes with China on global projectsSince its inception in 2019, a U.S. development agency has created a portfolio of more than $50 billion worth of projects in 114 countries, including a trans-Africa railway corridor, a power plant in Sierra Leone, and solar panel manufacturing in India.
US plans to build a $553 million terminal at Sri Lanka's Colombo port in rivalry with China
Read full article: US plans to build a $553 million terminal at Sri Lanka's Colombo port in rivalry with ChinaThe U.S. plans to launch a $553 million project to build a deep-water shipping container terminal in Sri Lanka as it competes with China in development financing.