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US Secretary of State Mike Pompeo addresses the Indo-Pacific Business Forum at the US Chamber of Commerce in Washington, DC, on July 30, 2018. (AFP PHOTO/NICHOLAS KAMM)

New US Agency Offers Asian Countries Development Finance Alternative to China: Experts

The $60-billion overseas investment agency could counterbalance surging Chinese investment and loans across Asia, though China will likely continue to dominate large infrastructure finance.

US Secretary of State Mike Pompeo addresses the Indo-Pacific Business Forum at the US Chamber of Commerce in Washington, DC, on July 30, 2018. (AFP PHOTO/NICHOLAS KAMM) Photo: AFP

The $60-billion overseas investment agency could counterbalance surging Chinese investment and loans across Asia, though China will likely continue to dominate large infrastructure finance.

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