Tuesday 13 November 2018
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reuters - 6 days ago

Australia launches $1.5 billion Pacific fund to counter China s influence

Australia will offer Pacific countries up to A$3 billion ($2.18 billion) in grants and cheap loans to build infrastructure, Prime Minister Scott Morrison said on Thursday, as Canberra seeks to counter China s rising influence in the region. Australia and China have been vying for influence in sparsely populated Pacific island countries that control vast swathes of resource-rich oceans.

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