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US Secretary of State Mike Pompeo on Monday announced $113 million in new technology, energy and infrastructure initiatives in emerging Asia.
Amid increased US trade frictions with China, Pompeo's announcement sought to build on President Donald Trump's "Indo Pacific" strategy that aims to cast the United States as a trustworthy partner in the region.
Pompeo said the United States was seeking a "free and open" Asia without domination by any one country, in what appeared to be a reference to China's growing economic clout and heightened tensions in the disputed South China Sea.
Do some of you just don't know how to do independent research, and thus roll with first thing seen. Or, simply never miss a beat to cheer your guy?
"U.S. officials said the American strategy does not aim to compete directly with China’s Belt and Road Initiative, which involves dozens of countries in an estimated $1 trillion of mostly state-led infrastructure projects linking Asia, parts of Africa and Europe, but rather to offer a more sustainable alternative by encouraging private-sector investment.
Eswar Prasad, a Cornell University trade professor and former head of the IMF’s China division, said the U.S. initiatives are tiny in comparison to China’s.
“In both scale and scope, these initiatives pale in ambition relative to comparable initiatives by China,” Prasad said. “It also highlights the distinction between China’s approach of bold and grand government-led initiatives and the much more modest role of the U.S. government.”
His Orangeness and administration "wins" nothing so far. China has been spending a trillion or more (USD) in various infrastructure and other initiatives as above linked article points out.
China has lost because they failed to keep America out of the Indo-Pacific.
China wants maximum control, and has failed.
Any alternative to China, even $113 million, is a problem for China.
China wanted it all, and fell short.
China has lost because they failed to keep America out of the Indo-Pacific.
China wants maximum control, and has failed.
Any alternative to China, even $113 million, is a problem for China.
China wanted it all, and fell short.
Dude, just drop it, and move on.
One small amount just announced hours ago, and you make it sound like some sort of coup.
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Quote:
Originally Posted by magaalot
China has lost because they failed to keep America out of the Indo-Pacific.
China wants maximum control, and has failed.
Any alternative to China, even $113 million, is a problem for China.
China wanted it all, and fell short.
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