The US is increasing investment in Asia as China steps up its own global investment programmes. Photo: Shutterstock

US competes with China’s ‘Belt and Road Initiative’ with US$113 million Asian investment programme

The infrastructure development plan was revealed by US Secretary of State Mike Pompeo at the Indo-Pacific Business Forum in Washington

Topic | United States

Shi Jiangtao in Hong Kong/Beijing and Owen Churchill

Published: 9:30pm, 30 Jul, 2018

Updated: 12:48am, 2 Aug, 2018

The US is increasing investment in Asia as China steps up its own global investment programmes. Photo: Shutterstock

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Shi Jiangtao

A former diplomat, Shi Jiangtao has worked as a China reporter at the Post for more than a decade. He's interested in political, social and environmental development in China.

Owen Churchill

Owen joined the Post as US correspondent in 2018 after several years working as a reporter and editor in China. He covers US-China relations, trade, and wider issues concerning China's global presence. A co-founder of the Shanghai-based news outlet Sixth Tone, he is an alumnus of London's School of Oriental and African Studies and Fudan University in Shanghai.