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.”
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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.
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