Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

China says U.S. criticism of its role in Latin America is 'slanderous'

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/15/2019 | 06:05am EDT
U.S. Secretary of State Mike Pompeo attends a news conference at a warehouse where international humanitarian aid for Venezuela is being stored, in Cucuta

BEIJING (Reuters) - China on Monday condemning as "slanderous" criticism U.S. Secretary of State Mike Pompeo made of Beijing's policies in South America, saying countries there would soon see who their "true friend" was.

Pompeo on Friday, during a three-day trip to Chile, Paraguay and Peru, accused China of aiding Venezuela's economic collapse by bankrolling President Nicolas Maduro as the country spirals into deepening political crisis.

The United States is pressing Maduro to step down and urging more countries to join a coalition supporting opposition leader Juan Guaido. South America has seen a political shift in recent years towards the right, and most nations have backed Guaido.

Pompeo labelled China hypocritical for calling for non-intervention in Venezuela when he said China's own "financial interventions have helped destroy the country".

Chinese Foreign Ministry spokesman Lu Kang told a briefing in Beijing that such comments were "lies".

"U.S. Secretary of State Pompeo, on China-Latin America relations, is wantonly slanderous, deliberately instigating, irresponsible, and unreasonable. We strongly oppose this," Lu said.

"For a long time, the United States has regarded Latin America as its own backyard, and pressured, threatened and even toppled other countries' political regimes," he said, adding that countries in the region would soon understand who was their "true friend".

The influence of the United States in Latin America has been increasingly challenged by China, whose booming economy over the past two decades has driven up demand for South America's raw materials.

China is already the top trade partner for Brazil, Latin America's largest economy and the world's top soybean exporter. The pivot by it and other countries in the region towards Beijing for financing has alarmed Washington.

Highlighting the gains Latin American countries had made from economic and trade cooperation with the United States, Pompeo warned about "predatory" lending practices and "malign or nefarious" actions, mirroring criticism previous U.S. officials have made about China.

U.S. President Donald Trump's December 2017 national security strategy said China was seeking to pull the region into its orbit through state-led investment and loans.

(Reporting by Michael Martina and Joyce Zhou; Editing by Robert Birsel)

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) 0.02% 4.1802 Delayed Quote.-5.30%
SOYBEAN OIL FUTURES (ZL) - CBE (ELECTRONIC)/C1 -1.10% 27.79 End-of-day quote.2.00%
SOYBEANS FUTURES (S) - CBR (FLOOR)/C1 -1.47% 888.25 End-of-day quote.2.15%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
08:13aFT calls in law firm to review reporting on Wirecard
RE
08:05aCARR Expands Board with New Members – Brings Aboard Added Legal and Real Estate Expertise
SE
08:02aNigeria's NNPC secures $3.15 bln to develop oil mining licence
RE
08:01aKICKICO : Launches Suite of New Blockchain-based Products for Crypto Startups and Investors
PR
07:55aGlobal regulators delay new derivatives rule to September 2021
RE
07:49aGlobal Companies Pledged to Ambitious Global Warming Targets -- Update
DJ
07:43aOn hard road to reform, Lebanon may need old friends
RE
07:38aWeak sterling unfazed as Johnson wins party vote as expected
RE
07:35aLang Capital Group Presents an Exquisite Dinner Cruise on The Odyssey Lake Michigan with IMAG
SE
07:32aFutures rise after better-than-expected earnings
RE
Latest news "Economy & Forex"
Advertisement