The G7, whose leaders are meeting in southwestern England, has been searching for a coherent response to the growing assertiveness of Xi after China's surging economic and military rise over the past 40 years.
The G7 and its allies will use the initiative to mobilize private-sector capital in areas such as climate, health and health security, digital technology, and gender equity and equality, the White House added. More than 100 countries have signed agreements with China to cooperate in BRI projects like railways, ports, highways and other infrastructure.
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.
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