G7 aims to raise $600 billion to counter China's Belt and Road
Increasingly worried about China, G7 leaders first floated plans for the project last year, and are formally launching it now under a fresh title and dropping the moniker "Build Back Better World" first coined by Biden.
US Aims To Raise $200 Billion To Fund Global Infrastructure Projects
The United States aims to raise $200 billion in private and public funds over 5 years to fund global infrastructure projects, the White House said. It is seen as a counter to China's Belt and Road projects.