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Biden said the G-7 would counter Chinese influence. This year, he'll try again

Last year, President Biden announced "Build Back Better World," meant to compete with China's Belt and Road Initiative. This year at the G-7, Biden will unveil the first projects. Brendan Smialowski/AFP via Getty Images hide caption

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Brendan Smialowski/AFP via Getty Images

Politics

Biden said the G-7 would counter Chinese influence. This year, he'll try again

At the last G-7, President Biden announced a plan for the West to counter China's influence in low- and middle-income countries. But not much has happened since. This year, there's a relaunch.

Biden said the G-7 would counter Chinese influence. This year, he'll try again

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Opinion: China's Role As The World's Development Bank Cannot Be Ignored

A woman walks in front of the China Development Bank tower in the Pudong district of Shanghai in 2015. That and the Export-Import Bank of China have provided nearly $1 trillion in financing to foreign governments since the early 2000s. Zhang Peng/LightRocket via Getty Images hide caption

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Zhang Peng/LightRocket via Getty Images

Opinion

China Unbound

Opinion: China's Role As The World's Development Bank Cannot Be Ignored

China's development banks provide as much financing to developing countries as the World Bank does, Boston University's Kevin Gallagher explains.

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