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China denounces geopolitical calculations in G7’s investment plan


China denounces geopolitical calculations in G7’s investment plan

Beijing, 27 jun (Prensa Latina) China denounced on Monday that the G7 is seeking geopolitical calculations with the world association for infrastructures, an investment program aimed at counteracting its Belt and Road project.
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Zhao Lijian, spokesman for the Ministry of Foreign Affairs, said at a press conference that although Beijing hails all initiatives like this one, it is against those devised to defame the Chinese plan.

He said that no infrastructure plan will replace others and that of the Belt and Road benefits member countries with the possibility of lifting 39.9 million people out of poverty by 2030.

This official condemned and considered accusations of debt trap of this Chinese project a sham and accused the United States of compromising the financial situation globally with practices such as the expansion of its monetary policies.

Moreover, he called on the G7 to prove to the international community if its proposal really has tangible results for the nations where it is implemented.

Zhao responded like this after the group of the seven more industrialized countries, known as G7 on Sunday announced the implementation of a 600 billion-dollar investment program in the context of the summit in Germany.

US President Joe Biden revealed the plan and promised to mobilize some 200 billion dollars until 2027. Meanwhile, the European Union expressed its intention of allocating 300 billion euros and guaranteeing an authentic benefit to the communities involved.

One of the goals is to build sustainable and quality infrastructures in Sub-Saharan Africa, Central America, Southeast Asia and central Asia.


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