President Joe Biden speaks at the launch of the US-led Indo-Pacific Economic Framework last month. Photo: Reuters
President Joe Biden speaks at the launch of the US-led Indo-Pacific Economic Framework last month. Photo: Reuters
Lucio Blanco Pitlo III
Opinion

Opinion

Asian Angle by Lucio Blanco Pitlo III

Can the new US-led Indo-Pacific Economic Framework really compete with China’s mammoth Belt and Road Initiative?

  • The IPEF, whose members account for 40 per cent of global GDP, is aimed at complementing defence strategies to counter China’s growing influence
  • But Beijing has already spent a fortune on projects in dozens of countries, while upcoming US elections may mean less enthusiasm for Biden’s new agreement

President Joe Biden speaks at the launch of the US-led Indo-Pacific Economic Framework last month. Photo: Reuters
President Joe Biden speaks at the launch of the US-led Indo-Pacific Economic Framework last month. Photo: Reuters
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