China wants to reorder the global order: Esper

Image
Press Trust of India Washington
Last Updated : Jul 17 2019 | 7:40 AM IST

China wants to reorder the existing global order and can be an adversary as a strategic competitor if the US is not careful, Defence Secretary nominee Mark Esper has said.

Esper said China has great economic power potential and are using it in the region to influence others, either overtly or covertly.

"China wants to reorder the global order. They want to do everything from replacing the institutions to replace the dollar," Esper told members of the Senate Armed Services Committee during his confirmation hearing.

One of the biggest concerns, he said, was that China would use its economic might and taking advantage of small countries who need capital.

"They're getting them into debt in a way that they are able to capture strategic ports, critical minerals and resources," he said."It's just a matter of time before they match US and possibly surpass America."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 17 2019 | 7:40 AM IST

Next Story