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.
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.