G7 members will spend 'hundreds of billions' on infrastructure to rival China's Belt and Road initiative, according to a US official. China says G7 proposals are doomed to fail.

G7 members will spend 'hundreds of billions' on infrastructure to rival China's Belt and Road initiative, according to a US official. China says G7 proposals are doomed to fail.

Business Insider

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G7 allies are expected to announce a multibillion-dollar plan to build infrastructure overseas in order to compete with a Chinese initiative.

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