China calls US debt trap accusation ‘irresponsible’
By Eduardo Baptista and Kanishka Singh BEIJING/ WASHINGTON (Reuters) – China on Thursday called remarks by U.S. Treasury Secretary Janet Yellen “irresponsible” and “unreasonable” after Yellen said Beijing’s lending activities leave developing countries “trapped in debt.” Yellen on Wednesday said she was concerned by some of China’s activities globally, particularly its lending to developing countries. She told U.S. lawmakers in a hearing that Washington was working hard to counter China’s […]