The G7 pledged to raise $600bn in private & public funds over 5 years to finance infra in developing countries. The move will counter china's so-called belt & road initiative, many recipient countries stuck in a debt-trap. Biden and other g7 leaders relaunched the newly renamed 'partnership for global infrastructure and investment'. China's scheme involves programs in 100+ nations aimed at creating a version of the ancient Silk Road trade route.

#G7 #China #Economy #BRI #Italy #Japan #Canada #USA #UK #Germany #France #EU #Debt #Development #InternationalAffairs #GlobalNews #WorldNews #Trends #Trending #Viral #BreakingNews #News #Xi #XiJinping #CCP #ChineseCommunistParty #Beijing #Milan #Berlin #Tokyo #WashingtonDC #Paris #Ottawa

свернуть