OTTAWA – It remains unclear whether Canada will participate in a new US$600-billion project from the G7 being set up as a western counterbalance China’s massive Belt and Road Initiative economic power play.
U.S. President Joe Biden and other G7 leaders officially launched the newly renamed Partnership for Global Infrastructure and Investment at their annual gathering over the weekend in Germany, pledging US$600 billion in investment for the plan. It is being positioned as an alternative to China’s sprawling Belt and Road Initiative, which has used Beijing’s economic might to extend its influence around Africa, Asia and Europe.
