““This is not just about confronting or taking on China,” a senior official in Biden’s administration said this month. “But until now we haven’t offered a positive alternative that reflects our values, our standards and our way of doing business.”
For people who swear that this isn’t a competition, it seems that the seven leaders of the most powerful countries in the world have some significant insecurity about China’s foreign investment today. Foreign aid was one of the headlines-in-chief this month when world leaders met in Geneva, in Brussels, and on the windy beaches of England’s Carbis Bay. One of the main goals of the G7 Summit was to set up a coordinated Western alternative to China’s Belt and Road Initiative, a multi-trillion-dollar infrastructure investment scheme that Beijing has been rolling out across the developing world.”
Writes Lois McLatchie in The American Conservative. Read the rest of the article here.
