US President Donald Trump has backed the Build Act as a direct response to China’s burgeoning largesse towards developing economies. Photo: Bloomberg

Trump strikes a blow in US-China struggle with Build Act to contain Xi’s Belt and Road

  • The just-passed US Build Act will create a new agency to lend to developing countries, particularly in Asia and Africa
  • The legislation elevates the US into a potent player in global development financing, five years after Xi Jinping launched his signature initiative
Topic |   US-China trade war

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US President Donald Trump has backed the Build Act as a direct response to China’s burgeoning largesse towards developing economies. Photo: Bloomberg
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