US, Australia and Japan to Invest in Asia to counter China

(NASDAQ, New York, 3 August 2018) The United States, Japan and Australia are collaborating to form an alliance that will aim to finance infrastructure projects across Asia. The partnership is a move to lower China's influence on the Indo-Pacific region through the Chinese government's Belt and Road initiative. A 30 July joint statement by U.S., Australian and Japanese official investment, finance and export-credit bodies noted that: "The United States, Japan, and Australia have formed a trilateral partnership to mobilise investment in projects that drive economic growth, create opportunities, and foster a free, open, inclusive and prosperous Indo-Pacific."