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Western Belt and Road: good idea, bad reason
Breakingviews · 8:48 PM PDT
The Group of Seven nations want to raise $600 billion for infrastructure in poorer countries. It’s a transparent attempt to counter Beijing’s controversial Belt and Road Initiative, which sceptics suspect is a nefarious scheme to foist China’s vast industrial overcapacity onto developing economies and turn them against the West. U.S. President Joe Biden said the G7 programme will exhibit “the concrete benefits of partnering with democracies.”
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