Views & Opinions — China owes Americans a trillion-dollar debt

View Online  Views & Opinions Views & Opinions One Key Op-ed  It's time to pay up For decades China has been allowed to default on its sovereign debt while maintaining access to U.S. capital markets, writes Heritage Foundation trade policy expert Andrew Hale.   Sen. J.D. Vance wants to change that. (AP Photo/Paul Vernon, File) The Ohio republican has introduced a bill that would restrict China's access to U.S. capital markets unless it respects international law and honors its debt.   Vance isn't the only member of Congress who talks tough on China and its financial obligations, of course.   "But too many members, their election coffers lined by Wall Street and other financial and business interests heavily exposed to China, leave it at that," writes Hale.    There is precedent for holding the Chinese government accountable. In the 1980s, British Prime Minister Margaret Thatcher compelled China to repay the money it owned British bondholders.   "Now our government should demand a settlement as well."   "Too many in the U.S. Congress and executive branch have been too soft on China for too long," writes Hale. "Vance's bill takes a historic step in addressing this selective default. Others in Congress should join these efforts."   Read the op-ed at TheHill.com. Welcome to The Hill's Views & Opinions newsletter, it's Friday, April 19. I'm Daniel Allott, bringing together a collection of key opinion pieces published from a wide range of voices. Did someone forward you this newsletter? Subscribe here. Other Points of View  Op-eds exploring key issues affecting the U.S. and world: Exit Stage Mike: It's time for Speaker Johnson to step aside By Max Burns, Democratic strategist Even if Johnson manages to hang on another two or three months, it's clear the Ukraine vote will mark the final spending of what little political capital the Speaker has left with his bare-majority caucus.  Read Here It's time to retire the laziest cliché in election polling By W. Joseph Campbell, professor emeritus of communication at American University All too often, "snapshot in time" is a convenient tactic for commentators and politicians to scoff at or dismiss poll results that contradict their partisan preferences.    Read Here Why Jordan came to Israel's rescue By Dov Zakheim, former undersecretary of Defense Israel owes Jordan much gratitude, which perhaps it can demonstrate by heeding Amman's concerns that Jerusalem do all it can to support international efforts to provide more humanitarian aid to Gaza's beleaguered civilians.  Read Here J.D. Vance is dead wrong about Ukraine aid By Alexander J. Motyl,  professor of political science at Rutgers University-Newark The senator confuses changing the reality on the ground — namely, the fact that the Russians are making incremental gains and bombing Ukraine's energy infrastructure — with winning the war. These are different things.   Read Here Quick Takes  Opinions related to pivotal issues and figures in the news: Liberal media bias, at NPR and elsewhere, has a long pedigree Picking a jury in Manhattan: The art of the feel Stop appeasing China at the World Bank and IMF The anti-abortion movement is showing its true colors   You're all caught up. See you next time!  Views expressed by contributors are theirs and not the opinion of The Hill. Interested in submitting an op-ed? Click here.  Check out The Hill's Opinion section online for the latest and take a moment to view our other topical products 📩 Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  1625 K Street NW, 9th Floor, Washington, DC 20006 Copyright © 1998 - 2024 Nexstar Media Inc. | All Rights Reserved.

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