U.S. Secretary of State Mike Pompeo prepares to speak at a press conference at the Ministerial to Advance Religious Freedom at the State Department in Washington, U.S., July 26, 2018. REUTERS/Alex Wroblewski
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Building on President Donald Trump's "Indo-Pacific" strategy, U.S. Secretary of State Mike Pompeo will announce a series of investment initiatives in Asia on Monday focusing on digital economy, energy and infrastructure.The announcement, to be made at a U.S. Chamber of Commerce forum in Washington, comes at a time when trade frictions with China have given U.S. trade diplomacy a sharper edge.The United States' first outlined its strategy to develop the Indo-Pacific economy at an Asia-Pacific summit last year.Hook said the United States approach to development of the region was not aiming to counter China's Belt and Road Initiative, which comprises of mostly state-led infrastructure projects linking Asia, parts of Africa and Europe.
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