The G7’s New Infrastructure Initiative Could Strengthen China’s Global South Game: Experts

The G7’s new Partnership for Global Infrastructure Investment (PGII), a $600 billion plan to build infrastructure across the Global South and counter China’s Belt and Road Initiative (BRI), could have the effect of improving how Chinese companies do business and could end up improving the BRI itself, according to development experts. 

Some acknowledged that the BRI has been controversial for its environmental and debt impacts. But they also pointed out that new standards would not only improve Chinese companies’ practices abroad it could also improve domestic standards within China. At the same time, the initiative will offer Global South governments new bargaining power.

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The post The G7’s New Infrastructure Initiative Could Strengthen China’s Global South Game: Experts appeared first on The China Global South Project.



source https://chinaglobalsouth.com/2022/06/30/the-g7s-new-infrastructure-initiative-could-strengthen-chinas-global-south-game-experts/

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