Biden Cs Ready to Fight Xi Jinping, Overthrow Chinese Domination!

Jakarta, CNBC Indonesia – Groups of developed countries that are members of the G7 are trying to counter China’s increasingly massive influence in offering offers of infrastructure development cooperation, and will compete with President Xi Jinping, through the Belt and Road Initiative (BRI) worth hundreds of trillions of dollars.

Leaders of the G7 nations met in southwest England, and looked for ways to respond to Xi’s policies on China’s economic and military revival in the past 40 years.

US President Joe Biden and other G7 leaders hope their plan, known as the Build Back Better World (B3W) initiative, will offer transparent infrastructure partnerships to help lend developing countries the $40 trillion needed. in 2035.

“It’s not just about confronting or snatching it from China. But until now we haven’t offered a positive alternative that reflects our values, our standards and the way we do business,” said a senior official in the Biden administration. /6/2021).

The US later said there was a G7 consensus on the need for a common approach to China on trade and human rights. The G7 and its partners, according to the White House, will use the B3W initiative to mobilize private sector capital in areas such as climate, health and health security, digital technology, and gender equality.

It is not clear how exactly the plan will work, nor is it clear how much capital will be allocated.

To note, China’s Belt and Road Initiative (BRI) scheme was launched by Xi Jinping in 2013, involving development and investment initiatives that will stretch from Asia to Europe, and beyond.

More than 100 countries have signed agreements with China to cooperate on BRI projects such as railways, ports, roads 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 Communist China’s expansion.

– .