WASHINGTON: The United States aims to raise US$200 billion in private and public funds over five years to fund needed infrastructure in developing countries under a G7 initiative aimed at countering China's multitrillion-dollar Belt and Road project, the White House said on Sunday.
Biden will unveil several specific projects at a G7 side event, joined by leaders from Britain, Germany, Japan, the European Union and Canada, vowing to focus on projects that help tackle climate change as well as improve global health, gender equity and digital infrastructure. Notably absent will be French President Emmanual Macron who had formally joined the Chinese infrastructure program.
China's Belt and Road Initiative scheme, which Chinese President Xi Jinping launched in 2013, involves development and investment initiatives in over 100 countries, with a range of projects including railways, ports and highways.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US, Taiwan conclude high-level security talks amid growing China tensions
Source: STForeignDesk - 🏆 4. / 71 Read more »
US aims to raise $280b as part of G-7 rival to China's Belt & Roadstraits_times I hope this pans out cause competing to see who can do more economically for third world countries is good for all - China and G-7 countries included - but compete with China without demonizing China. But Japan is already biggest infra investors. China should compete with G7 countries without wolf warrior demonizing G7 countries.
Source: STForeignDesk - 🏆 4. / 71 Read more »
South Korea's Yoon to meet US, Japan leaders in Spain during Nato summit
Source: STForeignDesk - 🏆 4. / 71 Read more »
South Korean President Yoon to meet US, Japan leaders in Spain during NATO summitSEOUL: South Korean President Yoon Suk-yeol will meet leaders of the United States and Japan on Wednesday (Jun 29) during the North Atlantic Treaty Organization (NATO) summit in Madrid, an official at the presidential office said on Sunday. The trilateral meeting will be the first such gathering since Sept New broom sweep clean but missed all the old corners. Be friendly to your neighbours... Try hard... Not with someone who look completely different and don't share any culture at all... They are treating you like another Ukraine...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tears of joy, defiance mingle outside US Supreme Court after abortion rulingWASHINGTON (REUTERS) - Some cried tears of joy, others looked downcast and chanted defiantly that the battle was not yet lost as hundreds of protesters outside the US Supreme Court celebrated or condemned
Source: thenewpaper - 🏆 7. / 63 Read more »
Iran-US nuclear talks to resume 'in coming days', Tehran and EU sayDUBAI: Iran's indirect talks with the United States on reviving the 2015 nuclear pact will resume soon, the Iranian foreign minister said on Saturday (Jun 25) amid a push by the European Union's top diplomat to break a months-long impasse in the negotiations. 'We are prepared to resume talks in the coming
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »