Asia’s ‘payday loans’ assaulted by Arthur B Culvahouse Jr, brand new US diplomat to Australia

Asia’s ‘payday loans’ assaulted by Arthur B Culvahouse Jr, brand new US diplomat to Australia

By international affairs reporter Stephen Dziedzic

The brand new usa ambassador to Australia has ratcheted up their assaults on Asia, accusing Beijing of “payday loan” diplomacy when you look at the Pacific.

Tips:

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

Arthur B Culvahouse Jr made the remark lower than a full 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 tiny nations with unaffordable debts so it can make use of as leverage. Continue reading Asia’s ‘payday loans’ assaulted by Arthur B Culvahouse Jr, brand new US diplomat to Australia