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Message: <blockquote data-quote="Mayaratne" data-source="post: 24904121" data-attributes="member: 518275">China's 'Belt and Road' strategy has a new competitor — enter America's 'Blue Dot Network' <img src="https://www.abc.net.au/news/image/11588408-3x2-700x467.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />In a bid to provide an alternative to China's multi-billion-dollar Belt and Road infrastructure initiative, Washington has announced its 'Blue Dot Network' designed to fund infrastructure "sustainably".Key points:<ul> <li data-xf-list-type="ul">The Blue Dot Network was jointly launched by the US, Japan and Australia </li> <li data-xf-list-type="ul">Its authors say it will act as a counterweight to China's Belt and Road infrastructure fundUS officials have likened it to a 'Michelin Guide' for Asian infrastructure investors </li> <li data-xf-list-type="ul">The plan's name is a reference to the late scientist Carl Sagan's book Pale Blue Dot and the photo of Earth taken by Voyager 1 from more than 6.4 billion kilometres away.</li> </ul>In a bid to provide an alternative to China's multi-billion-dollar Belt and Road infrastructure initiative, Washington has announced its 'Blue Dot Network' designed to fund infrastructure "sustainably"The plan's name is a reference to the late scientist Carl Sagan's book Pale Blue Dot and the photo of Earth taken by Voyager 1 from more than 6.4 billion kilometres away.US Commerce Secretary Wilbur Ross announced the move — led by the US Overseas Private Investment Corporation (OPIC), the Japan Bank for International Cooperation (JBIC), and the Australian Department for Foreign Affairs and Trade (DFAT) — on the sidelines of the 35th Association of Southeast Asian Nations (ASEAN) summit in Thailand on Tuesday.A statement on the OPIC website said the network was designed to bring the public and private sector together to "promote high-quality, trusted standards for global infrastructure development in an open and inclusive framework".</blockquote>

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