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To counter China, Australia plans $1.5 billion Pacific infrastructure fund

“To counter, Morrison plans to announce that Australia will renew its focus on the Pacific, primarily through a new infrastructure fund” writes Brendon Thorne for cnbc.com. Foreign policy analysts say Australia’s new infrastructure fund will test Australia’s already cool relations with China, its largest trading partner.Australia will create a A$2 billion ($1.46 billion) fund to provide loans to Pacific nations to build infrastructure, Prime Minister Scott Morrison is expected to announce on Thursday, as Canberra seeks to counter China’s influence in the region.
 
Source: cnbc.com



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