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Trump Balks Over Billions in Secret Chinese Loans to Poor Nations

  • China has sent $354 billion overseas, terms mostly murky
  • Mnuchin cites worries on debt sustainability, China influence
Bloomberg business news
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China has showered $10 billion on debt-laden Ecuador over the past six years for energy and infrastructure projects -- part of a global effort by Beijing to finance development in poor countries that are rich with natural resources.

Yet terms on billions of dollars in Chinese financing across Africa, Asia and Latin America remain mostly secret. In Ecuador, for example, not even the oil minister knows what strings are attached to his country’s loans.