Sec. 119. Coordination with Organisation for Economic Co-operation and Development members on engagement from the People’s Republic of China
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The Secretary of State shall coordinate with willing Organisation for Economic Co-operation and Development member countries— to study the effects of coercive economic practices associated with the PRC, such as those through the Belt and Road Initiative, the Digital Silk Road, and the Global Development Initiative, which may include the extent to which such practices— are predatory or usurious; are inconsistent with internally accepted banking and accounting practices; result in low quality infrastructure that does not meet international standards; incorporate conditions intended to limit transparency, including lending with conditional restrictions on debt reporting, inconsistent with the borrower’s obligations to the International Monetary Fund; and provide the PRC with undue influence over the borrower in the event of the borrower’s default; to create a shared set of metrics to enable evaluation of whether the PRC is engaging in the practices referred to in paragraph
(1)on particular initiatives or projects, and promote transparency with respect to those actions, including a joint analysis of— the PRC’s distortive economic practices, such as subsidies provided by the PRC as it pertains to state-owned enterprises and other forms of market-distorting state intervention in the PRC’s economy; and the potential negative global spillovers from such practices; to establish— a program or plan of action for future dialogues on the PRC’s unfair economic practices; and a clear understanding of common concerns and priorities among member countries with respect to such practices; and to issue joint informational reports that contain the results of the data gathering efforts described in this section.