- Australia, the US, India, and Japan have discussed a joint regional infrastructure project, according to a report from the Australian Financial Review.
- Such a scheme could be seen as an attempt to counter Beijing’s growing influence via its Belt and Road Initiative.
- The project is reportedly on the agenda for Turnbull’s talks with US President Donald Trump this week.
SYDNEY (Reuters) – Australia, the United States, India and Japan are talking about establishing a joint regional infrastructure scheme as an alternative to China’s multibillion-dollar Belt and Road Initiative in an attempt to counter Beijing’s spreading influence, the Australian Financial Review reported on Monday, citing a senior U.S. official.
The unnamed official was quoted as saying the plan involving the four regional partners was still “nascent” and “won’t be ripe enough to be announced” during Australian Prime Minister Turnbull’s visit to the United States later this week.See the rest of the story at Business Insider
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