U.S. should create fund to counter China's Belt and Road push: commission [Reuters]
QUALCOMM Incorporated (QCOM)
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Source: Reuters
U.S. should create fund to counter China's Belt and Road push: commission | Reuters 4 Min Read (Reuters) - The United States should create a fund to counter China’s infrastructure financing deals in the developing world that export its “model of authoritarian governance,” a bipartisan commission told the U.S. Congress in a report on Wednesday. The U.S.-China Economic and Security Review Commission, tasked with monitoring the national security implications of U.S.-China trade relations, has complied a report almost every year since 2002. This year it said China’s efforts, as part of its Belt and Road initiative, to fund bridges and even digital networks in Asia, Africa, the Middle East and Europe have given its government an excuse to maintain a military presence there. The report recommended that Congress create a fund to assist countries in parts of the world where China is expanding its influence. It also warned about the threat China’s push into the next-generation 5G wireless tech
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