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New US ambassador warns of China's 'payday loan diplomacy'

AP  |  Canberra 

The new US to says he's concerned about the way lends to developing Pacific nations in what he describes as ""

told reporters in on Wednesday that it was up to U.S. allies and Western liberal democracies to educate people about the dangers of such

US Vice previously warned of deploying "traps" against developing Pacific nations. Culvahouse says he would use stronger language by calling the practice

Culvahouse says the looks attractive upfront "but you better read the fine print." Long affiliated with Republican officeholders, Culvahouse oversaw the vetting process for Donald Trump's running mate in 2016.

Before Culvahouse arrived, the post had been vacant since 2016.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 13 2019. 09:40 IST