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G7 infrastructure initiative aimed at competing with China faces challenges

June 30, 2022 at 3:27 PM
With the launch of the Partnership for Global Infrastructure and Investment, the G7 is hoping to offer an alternative to developing countries that have utilized China’s Belt and Road Initiative, which Beijing has used to champion state-affiliated companies, boost technological exports, and garner economic and political influence. But some analysts are skeptical the new infrastructure initiative will help the U.S. compete with China, citing the failure of previous frameworks and the expected difficulty of PGII to mobilize private investment. U.S...

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