Japan, US and Australia begin own ‘Belt and Road’ in South Pacific
The best way to deal with belt and road is to let things run their course. Some countries already got burned by those very onerous contracts and there is a backlash. The only thing the US and its allies need to do is assuring anyone that they would protect them from Chinese aggression should China try to back up the contracts by some naval units. That would cost very little to the US but be extremely costly to China. And if Belt and Road is the great scheme helping countries to lift themselves out of poverty, how could we ever oppose this. Countries are like people – they only learn by experience.
Japan, the U.S. and Australia have picked a liquefied natural gas project in Papua New Guinea as their first case for joint financing in the Indo-Pacific region, planning to lend over $1 billion, Nikkei has learned.
