“I want to stress that a lie, even repeated a thousand times, will still be a lie,” China said in response to U.S. accusations that it conducted dishonest trade practices.
Italy’s top negotiator in a landmark agreement with China has continued to brush off criticism from the deal's detractors, telling the U.S. specifically to worry about its own financial ties to the economic superpower in the East.
"The U.S. should worry about having debt in Chinese hands," Geraci told the South China Morning Post, indicating Beijing's possession of some $1.13 trillion in U.S. Treasury bills, notes and bonds."They are in a situation where they need to be concerned, that’s why maybe they worry." The U.S. has accused China of using foreign investment to trap countries in debt and, ultimately, forward its own policy goals abroad. Washington has also expressed concerns about Beijing's state-of-the-art 5G technology, which even Western powers have coveted in spite of security concerns.
Secretary of State Mike Pompeo prepares to testify before the House Appropriations Committee’s State, Foreign Operations and Related Programs Subcommittee about his departments FY2020 budget request, in Washington, D.C., on March 27. The U.S. has warned countries around the world, especially in Africa and Latin America, of accepting Chinese investment. Chip Somodevilla/Getty Images
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