President Joe Biden and G7 leaders are ramping up efforts to counter China’s Belt and Road initiative. The leaders have pledged $600 billion to a new global infrastructure project for emerging market economies. “I want to be clear. This isn’t aid or charity. It’s an investment that will deliver returns for everyone,” Biden said. President Biden and G7 leaders pledged $600bln to a new global infrastructure project for emerging market economies to counter the Chinese regime’s Belt and Road initiative . G-7 leaders from the US, Canada, Germany, Italy, Japan, and the European Union gathered at a summit in Bavaria, Germany, on Sunday and unveiled the Partnership for Global Infrastructure and Investment (PGII) that will “will deliver game-changing projects to close the infrastructure gap in developing countries , strengthen the global economy and supply chains, and advance U.S. national security ,” a White House press release read. During the […]