US' Biden launches G7 scheme to rival China's Road and Belt plan


Britain's Prime Minister Boris Johnson, his wife Carrie Johnson and US President Joe Biden with first lady Jill Biden walk outside Carbis Bay Hotel, Carbis Bay, Cornwall, Britain, ahead of the G7 summit, on Thursday June 10, 2021. - AP

LONDON, June 13 (Bernama): Seeking to counter China’s influence at a gathering of the leaders of the world’s top economies, US President Joe Biden on Saturday launched an infrastructure initiative for developing countries.

The Build Back Better World (B3W) Partnership, introduced at the G7 summit in Cornwall, England, is meant to be a counterweight to China’s Belt and Road Initiative, Anadolu Agency reported.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
   

Next In Aseanplus News

Anwar arrives in Seoul for three-day official visit to South Korea
World's most expensive cricketers - Pant and Iyer shatter IPL pay record with eye-watering deals
Japan, US to form missile plan in case of Taiwan emergency, Kyodo says
Stakes high in GE2025; no guarantee PAP will win and form a stable govt, says Singapore PM Wong
Landslides, flash floods in Indonesia’s North Sumatra kill six, injure seven
Dengue cases in Philippines up 81 per cent so far this year; govt sound alarm and promises to eradicate epidemic
Vietnam and Canada sign MoU to foster cooperation in science and technology
Cambodian PM says peace in country is the "cornerstone" of national resilience, rejuvenation
Indonesia and Malaysia lead global effort for Palestinian rights, advocating for stronger international action
Thousands left homeless as fire tears through Manila

Others Also Read