China overloading poor nations with debt, top US official says

China is saddling poor nations with unsustainable debt through large-scale infrastructure projects that are not economically viable, the head of the US Overseas Private Investment Corporation (OPIC) said on Monday. The criticism of Beijing – targeted by President Donald Trump in a trade war that has sent ripples through economies around the world – comes as Washington seeks to ramp up development finance in the face of China’s global ambitions.