The House passed the PRC Is Not a Developing Country Act on Monday to strip China's designation as a 'developing country' in international organizations like the WTO.
Rep. Mike Gallagher, R-Wis., discusses how witnesses to Chinese concentration camps are being encouraged to tell their story at the House’s hearing on China on ‘The Bottom Line.’status in international organizations that give it access to preferential loans and other economic benefits.
"The PRC exploits their developing country status by applying for development assistance and loans from international organizations despite spending trillions on infrastructure projects in developing countries as part of their debt trap diplomacy scam, known as the Belt and Road Initiative," Kim said in remarks on the House floor. "In fact, PRC’s withdrawal of loans takes away from actual developing countries and helps the PRC finance its Belt and Road program.
Rep. Susan Wild added, "I support this bipartisan measure because it deepens both U.S. engagement in international treaties and organizations while trying to effectively counter the PRC’s own self-interested actions in these forums."
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