China Overloading Poor Nations With Debt, Top US Official Says

China Overloading Poor Nations With Debt, Top US Official Says
Ray Washburne, President and CEO of the Overseas Private Investment Corporation, arrives at the Trump Tower in New York on Nov. 17, 2016. Eduardo Munoz Alvarez/AFP/Getty Images
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JOHANNESBURG—China is saddling poor nations with unsustainable debt through large-scale infrastructure projects that are not economically viable, the head of the U.S. Overseas Private Investment Corporation (OPIC) said on July 16.
The criticism of Beijing comes as Washington seeks to ramp up development finance in the face of China’s global ambitions.