Chinese projects around the world, including its One-Belt-One-Road initiative, have an element of “national security” and are less of an economic offer, according to US Secretary of State Mike Pompeo. OBOR, also called the Belt and Road Initiative, is a multi-billion dollar project focused on improving connectivity and cooperation among Asian countries, Africa, China and Europe.

“We’ve said this every place we’ve gone, every if you talk to any of our ambassadors or our charges, they will tell you we are happy to compete on a fair, transparent basis under rule of law with the Chinese anywhere in the world. We’ll win more than our fair share, but we’ll lose some to them too,” he said.

“They’re moving into the South China Sea is not because they want freedom of navigation. Their efforts to build ports around the world aren’t because they want to be good shipbuilders and stewards of waterways, but rather they have a state national security element to each and every one of them,” Pompeo said in conversation with Rich Lowry at the National Review Institute’s 2019 Ideas Summit.

“But when you’re showing up with a non-economic offer, whether that’s through state-facilitated, below-market pricing or handing someone something knowing that you can foreclose on their nation shortly, so predatory lending practices, that’s not straight and we are working diligently to make sure everyone in the world understands that threat,” Pompeo said.