November 29, 2022

Biden aims to oppose China’s global infrastructure plan with the new G7 initiative

However, China’s confrontation with the dictatorship emerged as a source of controversy among the leaders.

The White House said the plan, presented as an alternative to China’s own global infrastructure initiative, would “reduce $ 40 + trillion in infrastructure demand in developing countries, which has been exacerbated by the COVID-19 epidemic”.

A senior executive described the project, called the “Built Back Better World” initiative, as a “bold, new global infrastructure initiative with our G7 partners” that will be value-driven, transparent and sustainable, and that it will compete with China’s belt and road.

The G7 will “announce a positive alternative that reflects our values, our standards and our business model,” said a second senior official.

China’s Belt and Road Try, First announced in 2013 under Chinese President Xi Jinping, aims to build ports, roads and railways to build new trade corridors connecting China to Africa and other Eurasia. The Chinese-funded, cross-continental infrastructure initiative is seen as an extension of the country’s sharp rise to global power.

As part of the new infrastructure announcement, the United States said the 7 groups will work with partners and the private sector to “collectively encourage hundreds of billions of dollars in infrastructure investment for low- and middle-income countries in need.”

While the investment is facing the infrastructure gap in low- and middle-income countries, officials have suggested that the initiative could be in the “hundreds of billions of dollars” in Balochistan, but have not yet provided a specific figure or how much concrete information each nation will contribute.

The money will come from US government finance groups, non-private sector companies and G7 countries, but it was not immediately clear how much each was expected to pay.

Officials described the global infrastructure pitch not as a conflict with China, but as an alternative route.

“It’s not about choosing countries between us and China. It’s about having a firm, alternative vision and approach that they want to choose,” the first executive said.

As Biden heads to the NATO summit in Brussels in the coming days, the first senior official says NATO nations will for the first time “face a security challenge directly from China in a statement”.

Officials announced that the second part of the session on Saturday was aimed at targeting China’s forced labor practices.

The second official, Biden, made it clear to the world that he would “pressurize his fellow leaders to take decisive action on forced labor, a practice that is an insult to human dignity and an excellent example of China’s unfair economic competition.”

The administration argues that China should be specifically named in the final G7 report, although it is not clear whether it will end in a final agreement to be released on Sunday.

Throughout the G7 in Cornwall, England this week, Biden has redoubled his efforts aimed at re-emphasizing US leadership on the world stage and confronting China.

Although the summit officials saw the infrastructure as part of the agreement during the summit, a senior administration official said the leaders aired serious differences on how to approach China during a session on Saturday.

Disagreements aired during one session, at one point all the Internet was shut down, provoked European countries against the United States, Britain and Canada, urging them to take strong action against China for its dictatorial practices, including forced labor. Procedures in Western Xinjiang Province.

At one point, Biden forcibly called on other leaders to speak out against China’s anti – democratic practices, stressing the need for the authorities to take action.

Earlier this week, Biden announced The United States will donate half a billion corona virus vaccines worldwide under the G7’s big push to vaccinate the world’s largest and richest democracies in the rest of the world.

During his vaccination announcement, Biden underlined that there were no strings attached to accepting vaccines purchased in the United States. The White House has said it is concerned about efforts by Russia and China to use vaccines for geopolitical gain.

In a joint statement on Thursday, Biden and UK Prime Minister Boris Johnson They said they support Further investigation into the origin of Govt-19, including China.

However, Biden’s new call for a global infrastructure program funded by Western and developed nations faces presidential challenges in building its own infrastructure program within the United States.

Biden’s first great legislative priority – historically, great relief among epidemics – was Signed In law within two months of his taking office. But the White House has not yet reached an agreement with Congress on an infrastructure project, and has not seen some of its own deadline for progress.

This report has been updated with additional reporting.

CNN ‘s Kevin Liptack contributed to the report.