G7 takes on China’s Belt and Road: Leaders detail $600billion plan aimed at countering Beijing

G7 leaders last night revealed a $600billion investment plan for the developing world in a stinging rebuke to China’s Belt and Road Initiative for global expansion.

The £488billion Partnership for Global Infrastructure (PGII) will go head-to-head with China’s multi-trillion dollar investment plan for scores of low and middle-incomes nations.

Under Beijing’s Belt and Road Initiative (BRI), Chinese firms are already building roads, bridges and airports in 70 countries where China is seeking greater influence.

The pursuit of a ‘new Silk Road’ trade route between Asia and Europe is the flagship…

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