Leaders from the Group of Seven (G7) representing the wealthiest democracies announced $600 billion for global infrastructure programs on June 26 to counter the Chinese regime’s expansion through its financing of enormous loans to poor countries for building infrastructure.
U.S. President Joe Biden and other G7 leaders pledged to raise $600 billion by 2027 for the plan, known as the Partnership for Global Infrastructure and Investment, aimed at supporting the infrastructure needs of low- and middle-income countries.
“I want to be clear, this isn’t aid or charity,” Biden said as he unveiled the project following the meeting at the beginning of the three-day summit in Germany….