The Group of Seven countries Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States on Saturday announced a global infrastructure plan to counter China’s Belt and Road Initiative (BRI) a senior official in U.S. President Joe Biden’s administration said.
China’s Belt and Road Initiative (BRI) is a multi-trillion-dollar infrastructure scheme that Chinese president Xi Jinping launched in 2013, that aims for development and investment initiatives that would stretch from Asia to Europe and beyond. More than a hundred countries have signed agreements with Beijing to cooperate in Belt and Road Initiative projects like highways ports railways and other infrastructure.
The US-inspired “Build Back Better World” (B3W) project was adopted after a meeting between US President Joe Biden and G7 leaders in their address “strategic competition with China and take strong action to meet the need for low- and medium-level infrastructure. Income-generating countries, “said White House.
“In the coming years, “Build Back Better World” (B3W) will jointly increase its investment in the capital by hundreds of billions of dollars for low- and middle-income countries,” it added.
This is not about choosing countries between us and China. This is to offer them the consistent, alternative perspective and approach they want to choose from, ”said the first administration official.
As Biden travels to the NATO summit in Brussels in the coming days, NATO nations will address the security challenge from China for the first time said the first senior official.
Throughout the Global seven meeting in Cornwall, England this week, Biden doubled his efforts to re-establish US leadership on the world stage and confront China. At one point, Biden made a strong call to other leaders to speak out against China’s anti-democratic actions, officials said, citing the need for action.
Earlier this week, Biden announced that the U.S. would contribute half a billion vaccines globally in the G7’s big move to vaccinate the rest of the world. and also White House expresses concern over Russia and China’s attempts to use vaccines for geopolitical gains
Us president Joe Biden and UK Prime Minister Boris Johnson said in a joint statement that they support further investigations into the origin of the virus, including in China.
Italy was the first member state to join the BRI, provoking Washington and the European Union. President Xi Jinping visited the country during his 2019 tour of Europe, and the formal signing of the Italy Belt and Road was the focal point of the trip. Another supporter of the project is EU member Greece.
The United States official, who spoke to reporters said that the US would also push the Group of Seven leaders for “concrete action on forced labor” in China, and during these years China has been widely criticized for incurring uncontrollable debt to small countries as part of a trillion-dollar belt and road organization that has lent money to projects spanning Asia, Africa, Latin America, and Europe.
China as a major global power
The emergence of China as a major global power is considered one of the most important geopolitical events of recent times. and also China denies all accusations of abuse in the Xinjiang region (an autonomous territory in northwest China, is a vast region of deserts and mountains. It’s home to many ethnic minority groups )
as per the latest report that with focus on china On June 8, the united states Senate passed a major industrial policy bill that would direct government investment toward critical technological sectors. The bill seeks to revive the productive side of the U.S. technology sector by providing alternatives supply chains that rely on Chinese microchips. Some experts argue that this lays the foundation for long-term economic and technological competition with China.