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Australia and Japan Join US Indo-Pacific Economic Strategy Amid China’s Growing Investment (The Epoch Times)
August 1, 2018
By Janita Kan
Australia and Japan are teaming up with the United States to boost investment in Indo-Pacific infrastructure projects in a move that is seen to be countering China’s increasing influence in the region.
In a joint statement on July 31, the nations announced a trilateral partnership to invest in regional projects that would “build infrastructure, address development challenges, increase connectivity, and promote economic growth.”
According to a report published by the U.S.-based think tank Center for Global Development in March this year, several countries participating in the BRI are seen to be at great risk of going bankrupt as a result of future financing related to BRI projects.