China's some trillion-dollar Belt and Road trade and investment initiative has extended Beijing's influence across Asia and beyond. America's tepid response is unlikely to woo many countries away, suggests James Crabtree, following Secretary of State Mike Pompeo's announcement Monday of $113 million in new US investment. Around "$26 trillion worth of infrastructure investment is needed across the continent by 2030, according to the Asian Development Bank. Without viable alternatives, Asia's politicians will have little option than to turn to China," Crabtree notes in the Nikkei Asian Review. "The US cannot compete directly with [China's] largesse. Instead, it must play a subtler influence game, drawing on its many cultural and economic strengths, alongside its formal network of military alliances." "Still, whether the US likes it or not, its initiatives are going to be compared with China's…if the US is to have any hope of challenging Beijing's expansion—and retaining its own position as Asia's dominant power." |
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