A senior U.S. administration of Joe Biden said a group of seven rich nations would announce a new global infrastructure plan on Saturday in response to China’s belt and road initiatives.
Officials who told reporters on condition of anonymity said the United States would call on other G7 leaders to “concrete action on forced labor” in China and include criticism of Beijing in its final communiqué.
“This isn’t just about confronting or countering China,” officials said. “But so far we haven’t offered a positive alternative that reflects our values, standards, and the way we do business.”
China of the whole area Ichiro Initiative (BRI) is, Xi Jinping President is an infrastructure scheme of trillions of dollars scale, which launched in 2013, Europe from Asia, and even includes the development and investment initiatives that extend beyond it.
More than 100 countries have agreements with China to cooperate with BRI projects such as railroads, ports, highways and other infrastructure.
In March, Biden said he had proposed to the British Prime Minister Boris JohnsonDemocrats, hosting a three-day G7 summit in South West England, need to develop their own rival schemes.
U.S. officials have said that Western countries have offered positive alternatives to the Chinese government’s “lack of transparency, inadequate environmental and labor standards, and mandatory approaches” that have exacerbated many countries. He said he could not provide it.
“So tomorrow we announce that we will” build better for the world. ” This is not just a replacement for B and I (One Belt, One Road), it’s an ambitious new global infrastructure initiative with G7 partners, “said officials. ..
There were no details on how to fund the global infrastructure scheme. Officials said the plan would include raising hundreds of billions of dollars in public and private funding to fill the $ 40 trillion infrastructure gap in poor countries by 2035.
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