Biden: Biden proposes $25bn spending in Indo-Pacific to out-compete China

US President Biden on Thursday proposed more than $25 billion spending, mostly in the Indo-Pacific region, in particular in the critical infrastructure sector and defence to out-compete China. This includes over $15 billion of proposed investment in the infrastructure sector in the Indo-Pacific and $9 billion for shoring up American defence in the region. “This budget cements our commitment to confronting global challenges and keeping America safe. It outlines crucial investments to out-compete China globally and to continue support for Ukraine in the face of unprovoked Russian aggression,” Biden said in his message to the Congress.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *