US calls China the new East India Company at sea

Assistant secretary of state David Stilwell on Tuesday likened China's state enterprises to Britain's colonizing East India Company as Washington takes a tougher stance against Beijing in the dispute-rife South China Sea. "In all our societies, citizens deserve to know the differences between commercial enterprises and instruments of foreign state power," he said.

from Times of India https://ift.tt/2DJi1Ag