Biden's Indo-Pacific economic plan must be stronger if it hopes to counter China: report
A major US-led economic initiative aimed at countering China's many trade agreements in the Indo-Pacific region is failing and needs to be urgently strengthened if it has any hope of keeping pace, a new report concludes. The report, released on Monday by the Asia Society Policy Institute (ASPI), argues that the Indo-Pacific Economic Framework (IPEF), announced in May 2022 by US President Joe Biden with great fanfare and joined by 14 countries, will probably fall short of creating a true alternat