A senior official in the administration of US President Joe Biden revealed that the Group of Seven major industrialized countries will announce a new project for global infrastructure;
In response to China's Belt and Road Initiative, Reuters reported.
The official, who spoke to reporters on condition of anonymity, said the United States would also seek to push other G7 leaders to take "concrete action regarding forced labor" in China and to include criticism of Beijing in their closing statement.
"This is not just about confronting China... but we have not yet offered a positive alternative that reflects our values, standards and our way of doing business," he added.
The official said that the West has not yet presented a positive alternative to the "lack of transparency, poor environmental and labor standards and the coercive approach" that the Chinese government "follows," as he put it.
"Therefore, we will announce tomorrow the "Building a Better World" initiative, which is an ambitious new global infrastructure initiative with our partners in the Group of Seven, and it will not only be an alternative to the Belt and Road Initiative," he added.
Backgrounds
China's Belt and Road Initiative is a trillion-dollar infrastructure project launched by President Xi Jinping in 2013 that includes development and investment initiatives stretching from Asia to Europe and beyond.
More than 100 countries have signed agreements with China to cooperate on projects related to the initiative;
Such as building railways, establishing ports, highways, and other infrastructure projects.
Refinitiv's database indicates that - as of the middle of last year 2020 - there were more than 2,600 projects associated with the initiative, at a cost of $3.7 trillion, although the Chinese Foreign Ministry said - last June - that about 20% of Projects have been severely affected by the COVID-19 pandemic.
A few days ago, the US Senate voted in favor of a financial package worth more than $200 billion;
To enhance the competitiveness of the technology sector in the face of the Chinese dragon.
The package aims to invest in the technology, research and internet security sectors over the next five years.
At the time, US President Joe Biden saluted the Senate for passing the Competition and Innovation Act, stressing that the United States was "in competition to win the 21st century."
economic recovery
The leaders of the United States, Britain, France, Italy, Germany, Canada and Japan will meet again on Saturday;
To discuss ways to revive the global economy from the downturn caused by the outbreak of the Corona epidemic, which forced many countries to close for many months.
The work of the summit of the countries of the group began yesterday, Friday, in the city of Cornwall, southwest of England, and will last for 3 days, and the summit addresses the issues of economic recovery from the Corona pandemic, the distribution of vaccines around the world, and facing climate change.
On the economic side, too, White House National Security Adviser Jake Sullivan said that the leaders of the Group of Seven will support President Biden's proposal to impose a global minimum corporate tax of at least 15%.