[Manthink]

G7 aims to raise $600 billion to counter China's Belt and Road

SCHLOSS ELMAU, Germany, June 26 (Reuters) - Group of Seven leaders on Sunday pledged to raise $600 billion in private and public funds over five years to finance needed infrastructure in developing countries and counter China's older, multitrillion-dollar Belt and Road project.

U.S. President Joe Biden and other G7 leaders relaunched the newly renamed "Partnership for Global Infrastructure and Investment," at their annual gathering being held this year at Schloss Elmau in southern Germany.

I am so glad these 7 World's richest countries are (AGAIN) making another promise....cause their previous ones tend to disappear into thin air when they change presidents, PM, gov or they simply forget those promi$es ...

Also, we only have China and the G20 nations to thank as their rise has force those G7 members to respond... The not-so-rich countries had been growing over the last decades....partly thanks for China's BRI investment in last 10 years.