EXCLUSIVE: The White House shot down this week on China and its billion-dollar global infrastructure project, the Belt and Road Initiative (BRI), saying the results were "highly dubious" and other countries should be careful in cooperation with China.
The BRI consists of China's planned economic infrastructure projects and investments in dozens of countries around the world. While China has claimed that its investments will benefit other countries, the initiative was seen as China's way of creating its own trade economy, with the aim of dominating global affairs and creating financial dependencies.
"China's Belt and Road Initiative purports to address this The legitimate infrastructure needs of the world's less developed economies are primarily aimed at exporting China's own economic imbalances ̵
"In most or all cases, China's state-of-the-art approach to infrastructure development has facilitated corruption, allowed poor housekeeping, and damaged economic governance and institutionalization in beneficiary countries," the official said. "It did not take long for much of the world to realize that despite all of China's claims, the development outcomes of its infrastructure projects are highly doubtful."
INSIDE CHINA & # 39; MASSIVE & # 39; AND & # 39; RELENTLESS & # 39; PLOT TO US SPY
A word war also escalated between China and national security adviser John Bolton, who warned Ukraine this week not to be exposed to China's machinations.
Prior to his trip to Ukraine, Bolton warned about the dangers of BRI. Following a meeting with officials in Kiev, Bolton said the two countries "are jointly committed to upholding the security and sovereignty of Ukraine and ensuring that it is not subject to China's economic exploitation."
China struck back with its own statement.
] "We are resolutely opposed to Mr Bolton's attempt to curtail BRI cooperation and drive a wedge between China and other countries," Chinese Foreign Ministry spokesman Geng Shuang said Wednesday during a press conference, noting that Bolton's commentary "was nothing new to us."  CHINA ANNOUNCES THE END OF WAR, CURRENCY AND TANK RESTRICTION ON 11-YEAR FLATLINE
"The principle on which China cooperates in its BRI cooperation Holding over 160 countries and international organizations, is a broad consultation, a shared contribution and shared benefits that have led to mutually beneficial outcomes. "S Huang said," So too is our cooperation with Ukraine, I believe "Most countries in the world are capable of making independent, fact-based policy decisions that are in their own interest."  China has signaled that it could buy the Ukrainian aircraft engine manufacturer Motor, which concerns Bolton and the administration.
CLICK HERE TO OBTAIN THE FOX NEWS APP.
Bolton said in Kiev, Reuters reported on Wednesday.
Bolton also said that Beijing has dealt with "guilt diplomacy" and theft of intellectual property and warned Ukrainian President Volodymyr Zelensky not to trade with China.