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New United States ambassador warns of China’s ‘payday loan diplomacy’

New United States ambassador warns of China’s ‘payday loan diplomacy’

CANBERRA, Australia (AP) — the U.S. that is new ambassador Australia stated Wednesday that he’s worried about just how Asia lends cash to developing Pacific countries in just what he defines as “payday loan diplomacy.”

Arthur Culvahouse Jr. told reporters in Canberra it was as much as U.S. allies and Western liberal democracies to teach individuals concerning the problems of these loans.

U.S. Vice President Mike Pence formerly warned of China“debt that is deploying” against developing Pacific countries.

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