U.S. President Joe Biden attends a working lunch with other G7 leaders to discuss shaping the global economy at the Yoga Pavilion, Schloss Elmau in Kuren, Germany, June 26, 2022. Kenny Holston/Pool via REUTERS  Photo: Reuters/POOL

In a recent article published by JapanToday on the 27th of June, 2022, they report on the globally significant issue of the CCP’s ‘Belt And Road Project’ and how the G7 which is an inter-governmental political forum consisting primarily of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States are planning to counter communist China’s initiative.

The G7 leaders on Sunday pledged to raise $600 billion in private and public funds over five years to finance much-needed infrastructure in developing countries and counter the CCP’s, multitrillion-dollar Belt and Road project. The G7 leaders relaunched the newly renamed “Partnership for Global Infrastructure and Investment,” at their annual gathering being held this year in Germany.

The CCP’s shady investment scheme involves development and programs in over 100 countries aimed at creating a modern version of the outdated Silk Road trade route from Asia to Europe but White House officials said the plan has provided little tangible benefit for many developing countries. Just like so many of the evil CCP’s shady deals that they make to not only low-income countries but globally.

The Belt and Road initiative will most likely leave many countries in un-payable debt allowing the sinister CCP to place themselves into positions of leverage and allow them to infiltrate into those countries’ politics, economy, infrastructure and education sectors allowing them to create legislation, laws and help push their propaganda just like they have been doing for decades.

Hopefully with this new initiative being acted out by the G7, China’s ‘belt and road’ will be seen for what it really is, ‘a scam,’ even though for many countries it is sadly too late. Friederike Roder, vice president of the non-profit group Global Citizen, said the pledges of investment could be “a good start” toward greater engagement by G7 countries in developing nations and could underpin stronger global growth for all. G7 countries on average provide only 0.32% of their gross national income, less than half of the 0.7% promised, in development assistance, she said. “But without developing countries, there will be no sustainable recovery of the world economy,” she said.

For more information relating to this story please click here: https://japantoday.com/category/world/g7-aims-to-raise-600-billion-to-counter-china%27s-belt-and-road

Editor: Mini Cow

PR: Mr Cow

Edited by:【Himalaya London Club UK】