Yes, because money is fungible, right? And, so, if we are lending at subsidized rates, and yes, these might be noble projects, but that means that China can use other dollars more effectively for their SOEs and to expand whatever their ambitions are.
Gonzalez discusses the implications of subsidized lending on China's strategic use of funds.
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Thank you, Chairman Foster, and thank you, as always, for your leadership on this task force.
My view, despite some, what I thought was a little bit of flowery rhetoric last night from the President, is that this is the beginning of a long-term conflict.
It is my hope that this committee can advance this common-sense legislation in the coming weeks.
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