US working with G7 nations to compete with China’s Belt and Road Initiative
The US is working with other G7 members to compete with China’s Belt and Road Initiative through a network of infrastructure projects, including a railroad connecting Saudi Arabia with Europe, President Joe Biden said.
On the sidelines of the G20 Summit in September, key leaders of the world led by Prime Minister Narendra Modi and Biden had announced the launch of the ambitious India-Middle East-Europe Economic Corridor.
“We are going to compete on that (Belt and Road Initiative) and we’re doing it in a different way. The Belt and Road Initiative has ended up in debt and a noose for most of the people (nations) who have signed on,” Biden said at a Rose Garden news conference with visiting Australian Prime Minister Anthony Albanese.
