G-7 agrees on infrastructure plan to counter China’s Belt and Road

G-7 agrees on infrastructure plan to counter China’s Belt and Road

Leaders of the Group of Seven convene for a session during the summit in Cornwall, Britain, on June 11.   © Kyodo

CORNWALL, U.K. — The Group of Seven leaders agreed Saturday on a new infrastructure investment initiative that would serve to counter China’s influence in developing countries through the Belt and Road initiative.

China’s increasing influence in developing countries across the Indo-Pacific and Africa has concerned the group of rich democracies, and a move to launch the Build Back Better World (B3W) partnership was hinted at by U.S. and U.K. leaders before the summit.

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