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G7 adopts global infrastructure plan in riposte to China

(ANSA-AFP) - CARBIS BAY, JUN 12 - G7 leaders on Saturday adopted a rival plan to oppose China's Belt and Road Initiative by helping build infrastructure in poorer nations in a "values-driven, high-standard and transparent" partnership. The adoption of the US-inspired "Build Back Better World" (B3W) project came after President Joe Biden and leaders met to address "strategic competition with China and commit to concrete actions to help meet the tremendous infrastructure need in low- and middle-income countries", the White House said. China has been widely criticised for saddling small countries with unmanageable debt as part of its trillion-dollar Belt and Road Initiative, which has seen money lent for projects stretching across Asia, Africa, Latin America and even Europe. President Xi Jinping launched the BRI in 2013 to significantly expand China's economic and political influence, with many of the infrastructure plans seen as helping deliver its goods globally. (ANSA-AFP).