G7 to counter China ’s clout with big infrastructure project | Malay Mail
CARBIS BAY, England, June 12 ― The Group of Seven will seek to rival China ’s multi-trillion-dollar Belt and Road initiative today by announcing a global infrastructure plan to help developing nations, a senior official in US President Joe Biden ’s administration said. The G7 is trying to find...
channel for the latest updates.CARBIS BAY, England, June 12 ― The Group of Seven will seek to rival China’s multi-trillion-dollar Belt and Road initiative today by announcing a global infrastructure plan to help developing nations, a senior official in US President Joe Biden’s administration said.
The G7 is trying to find a coherent response to the growing assertiveness of President Xi Jinping after China’s spectacular economic and military rise over the past 40 years.The US official, who spoke to reporters on condition of anonymity, said the United States would also push the other G7 leaders for “concrete action on forced labour” in China, and to include criticism of Beijing in their final communique from a three-day summit in southwest England.
“This is not just about confronting or taking on China,” the official said. “But until now we haven’t offered a positive alternative that reflects our values, our standards and our way of doing business.”China’s Belt and Road Initiative (BRI) is a multi-trillion-dollar infrastructure scheme that Xi launched in 2013, involving development and investment initiatives that would stretch from Asia to Europe and beyond. headtopics.com
More than 100 countries have signed agreements with China to cooperate in BRI projects like railways, ports, highways and other infrastructure.Critics say Xi’s plan to create a modern version of the ancient Silk Road trade route to link China with Asia, Europe and beyond is a vehicle for the expansion of Communist China. Beijing says such doubts betray the “imperial hangover” of many Western powers that humiliated China for centuries.
China’s RiseThe re-emergence of China as a leading global power is considered to be one of the most significant geopolitical events of recent times, alongside the 1991 fall of the Soviet Union that ended the Cold War.China in 1979 had an economy that was smaller than Italy’s, but after opening to foreign investment and introducing market reforms, it has become the world’s second-largest economy and is a global leader in a range of new technologies.
Leaders of the G7 - the United States, Canada, Britain, Germany, Italy, France and Japan ― want to use their gathering in the seaside resort of Carbis Bay to show the world that the richest democracies can offer an alternative to China’s growing clout.
The U.S. official said until now, the West had failed to offer a positive alternative to the “lack of transparency, poor environmental and labour standards, and coercive approach” of the Chinese government that had left many countries worse off.“So tomorrow we’ll be announcing ‘build back better for the world,’ an ambitious new global infrastructure initiative with our G7 partners that won’t just be an alternative to the BRI,” the official said. headtopics.com
According to a Refinitiv database, as of mid-last year, more than 2,600 projects at a cost of US$3.7 trillion (RM15.2 trillion) were linked to the Belt and Road Initiative, although the Chinese foreign ministry said last June that about 20 per cent of projects had been seriously affected by the Covid-19 pandemic.
In March, Biden said he had suggested to British Prime Minister Boris Johnson, hosting the G7 summit, that democratic countries should develop their own rival scheme.Forced LabourIn talks, Biden will also press the other leaders to make clear that they believe forced labour practices are an affront to human dignity and “an egregious example of China’s unfair economic competition”.
“We’re pushing on being specific on areas like Xinjiang where forced labour is taking place and where we have to express our values as a G7,” the official said of the final communique to be issued at the end of the summit tomorrow.China denies all accusations of abuse in the Xinjiang region.
There were no specifics on how the global infrastructure scheme would be funded. The plan would involve raising hundreds of billions in public and private money to help close a $40 trillion infrastructure gap in needy countries by 2035, the official said. headtopics.com
The aim was to work with the US Congress to supplement existing development financing “with the hope that, together with G7 partners, the private sector and other stakeholders, we soon be collectively catalyzing hundreds of billions of dollars in infrastructure investment for low and middle income countries that need it”. ― ReutersRead more: Malay Mail »
Early detection of prostate cancer is key to successful treatment
The number of prostate cancer cases is rising in most countries. This could be due to the prevalence of diagnostic tests with PSA (Prostate Specific Antigen) and increasing life expectancy overall.
US, China clash as Biden debuts at G7 | Malay MailWASHINGTON, June 12 — The United States and China clashed in rare talks yesterday as President Joe Biden made his international debut at the G7 summit, with his administration pressing Beijing on Covid, Taiwan and human rights. Secretary of State Antony Blinken, joining Biden at the summit of...
Biden and Johnson meet on eve of G7 summit | Malay MailCARBIS BAY (United Kingdom), June 10 — British Prime Minister Boris Johnson welcomed US President Joe Biden for talks today, at their first face-to-face meeting on the eve of the G7 leaders’ summit in Carbis Bay, Cornwall. Johnson said “everybody was absolutely thrilled” to see Biden in the... Ya’juj wa Ma’juj. The opinion of Muhammad Qasim bin Abdul Karim in a vision of the place of where Ya’juj and Ma’juj are hiding. He describes their forms and bodies, and the chaos they will spread. Learn more at or search ‘Muhammad Qasim Dreams’ Mimpi Muhammad Qasim adalah peringatan bagi umat Islam. Ketika ia menjadi kenyataan ramai orang di seluruh dunia akan membicarakannya, surat khabar dan wawancara juga diadakan mengenai mimpi ini. Ketahui lebih lanjut di atau cari ‘Muhammad Qasim Dreams’
G7 to counter China’s belt and road with infrastructure project, says senior US official | Malay MailCARBIS BAY, June 12 — The Group of Seven rich nations will announce today a new global infrastructure plan as a response to China ’s belt and road initiative , a senior official in US President Joe Biden ’s administration said. The official, who spoke to reporters on condition of anonymity, said...
America may be 'back' at G7, but allies' doubts about US democracy linger | Malay MailWASHINGTON, June 11 ― In 2017 the president of the United States shocked Washington's Western allies during his first European trip, scolding them for failing to pay their “fair share” on defence, physically shoving aside one prime minister, and white-knuckling another leader in a public...
G7 to donate one billion Covid-19 vaccine doses to poorer countries | Malay MailCARBIS BAY (England), June 11 ― British Prime Minister Boris Johnson expects the Group of Seven to agree to donate 1 billion Covid-19 vaccine doses to poorer countries during its summit starting today, and help innoculate the world by the end of next year. Just hours after US President Joe Biden ...
G7 leaders convene summit drive for billion Covid-19 vaccine jabs | Malay MailCARBIS BAY (UK), June 12 — G7 leaders were greeted by Britain’s Queen Elizabeth II yesterday after opening their first in-person talks in nearly two years, touting an expected pledge to donate one billion Covid vaccine doses to poor countries in a show of revived Western democratic unity. The...