‘Build Back Better World:’ U.S. races to counter China’s ‘predatory’ Belt and Road initiative

china - worthy christian news

(Worthy News) – America and its allies are scrambling to establish a global funding mechanism to counter the trillions of dollars has spent to build projects and buy influence through what U.S. officials describe as Beijing‘s “mercantilist” and “predatory” Belt and Road development lending initiative.

While the Biden administration is framing its efforts as a push to counter climate change, it has generally run with momentum that former President Donald set in motion to compete with the flood of infrastructure loans China has been offering to low- and middle-income countries around the world over the past decade for new roads, bridges, ports and rail lines.

The current says the future U.S. will depend heavily on the global appetite for infrastructure development, and that ‘s ability to steer funding toward such infrastructure is going to shape how much influence America has as a superpower over the coming decades. [ Source: Washington Times (Read More…) ]

We're being CENSORED ... HELP get the WORD OUT! SHARE!!!
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News