Could a "Joint Asiatic Fighter" be developed?

Looking at the major asiatic countries who are developing 5th generation fighter types : India with their MCA . China with their JXX , and South Korea with their KFX , is it possible for these 3 nations to pool their rescources together and develop jointly developed multirole fighter that can fulfill all their needs thus spreading development costs far more effieciently than any western organisation has had in the past ?