President Biden urged European nations and Japan on Saturday to counter China’s growing economic and security influence by offering developing nations hundreds of billions in financing as an alternative to relying on Beijing for new roads, railways, bodog online casino ports and communications networks.
It was the first time the world’s richest nations had discussed organizing a direct alternative to China’s Belt-and-Road Initiative, President Xi Jinping’s overseas lending and investment push, which has now spread across Africa, Latin America and into Europe itself. bodog casino But the White House cited no financial commitments, and there is sharp disagreement among the United States and its allies about how to respond to China’s rising power.
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