Global News published this video item, entitled “Is the G7 global infrastructure announcement an attempt to catch up to China?” – below is their description.
At the G7 Summit this week, Canadian Prime Minister Justin Trudeau and his counterparts announced new details of a $773 billion plan to invest in sustainable infrastructure projects across the developing world.
It’s being seen as the West playing catch-up to China’s decade-old Belt and Road Initiative.
At a time when the global economy is stumbling, world leaders were eager to stress that the partnership for global infrastructure investment is not charity — but investment.
Global’s Redmond Shannon takes a look at what it will involve and the reasons behind it.
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