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US pledges $200B to G7 infrastructure project to counter China's Belt and Road Initiative

Added 06-26-22 06:04:02pm EST - “President Biden said the the United States will pledge $200 billion to infrastructure investment programs that will counter China’s Belt and Road Initiative.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “US pledges $200B to G7 infrastructure project to counter China’s Belt and Road Initiative”. Below is an excerpt from the article.

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The United States is pledging $200 billion to a G7 infrastructure project intended to counter’s China’s multi trillion-dollar Belt and Road Initiative.

The "Partnership for Global Infrastructure and Investment" was relaunched by President Biden and other Group of Seven leaders on Sunday at their annual gathering being held this year at Schloss Elmau in Southern Germany.

U.S. President Joe Biden attends the first day of the G7 leaders' summit at Bavaria's Schloss Elmau castle, near Garmisch-Partenkirchen, Germany, June 26, 2022.  (REUTERS/Lukas Barth/Pool / Reuters Photos)

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