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International relations

US 'late' in pushing Blue Dot to counter China's Belt and Road

Infrastructure certification with Japan and Australia taps into debt trap fears

U.S. President Donald Trump and Chinese President Xi Jinping. The world's two biggest economies have competing visions for developing infrastructure globally. (Nikkei Montage/ source photo by Reuters)

TOKYO -- A U.S.-led scheme to counter China's Belt and Road Initiative remains in the embryonic stage -- six years after Beijing unveiled its grand infrastructure plan with great fanfare.

The U.S., Japan and Australia unveiled the Blue Dot Network at a summit in Bangkok earlier this month. The initiative is not intended to be a financing pipeline. Instead, it will evaluate infrastructure projects according to standards set by a steering committee of government agencies, development finance institutions and the private sector.

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