$600 billion: G7 creates anti China investment initiative

[Viet]

G7-Gipfel: Von der Leyen will Putin „ins Gesicht zu sagen, was wir von ihm halten“ - WELT

Im Herbst findet der G-20-Gipfel statt – womöglich auch mit Wladimir Putin. EU-Kommissionschefin Ursula von der Leyen will das Treffen zum Gespräch mit dem russischen Präsidenten nutzen. Die G-7-Staaten wollen Chinas „Neue Seidenstraße“ mit einer Milliarden-Initiative kontern. Mehr im Liveticker.

www.welt.de

The group 7 wants to invest the giant sum of $600 billion until 2027 in global infrastructure. That is understood as counter move against China silkroad.

 

[Beast]

G7-Gipfel: Von der Leyen will Putin „ins Gesicht zu sagen, was wir von ihm halten“ - WELT

Im Herbst findet der G-20-Gipfel statt – womöglich auch mit Wladimir Putin. EU-Kommissionschefin Ursula von der Leyen will das Treffen zum Gespräch mit dem russischen Präsidenten nutzen. Die G-7-Staaten wollen Chinas „Neue Seidenstraße“ mit einer Milliarden-Initiative kontern. Mehr im Liveticker.

www.welt.de

The group 7 wants to invest the giant sum of $600 billion until 2027 in global infrastructure. That is understood as counter move against China silkroad.

Thinking vs implement are 2 different things. China is not afraid of competitor. It is the western that is scared of China competition that they need to resort underhand method like slander and faked news to discourage others from accepting China investment.

Ask yourself this simple question. Can western offer good quality infrastructure while being affordable for third world countries? Do you know why China tunnel boring machine currently occupied most of the world market?

 

[خره مينه لګته وي]

LoL these fundings will get stuck with 1000+ debates + political wars & priorities will change with the switch of govts & their goals will change + we should expect western speed of these projects moving forward.

 

[大汉奸柳传志]

why fixated on China when the $600 billion can be used to rebuild Ukraine(or what's left of it)

Ukraine Sees Rebuild Costing $600 Billion as It Seeks Global Aid - BNN Bloomberg

Rebuilding Ukraine following Russia’s invasion will cost $600 billion, the nation’s prime minister said, calling on members of the International Monetary Fund to donate 10% of their reserve assets received from the institution to support the effort.

www.bnnbloomberg.ca

sad news for zelensky I guess

 

[IblinI]

Mr viet, let it go, give it a rest..you at your age, wont be able to see China collapse.

 

[nufix]

Issue with the West is commitment. They can promise whatever amount but whether it will actually be disbursed, that‘s another story. Besides, the West is currently not doing that great economically.

 

[Paul2]

G7-Gipfel: Von der Leyen will Putin „ins Gesicht zu sagen, was wir von ihm halten“ - WELT

Im Herbst findet der G-20-Gipfel statt – womöglich auch mit Wladimir Putin. EU-Kommissionschefin Ursula von der Leyen will das Treffen zum Gespräch mit dem russischen Präsidenten nutzen. Die G-7-Staaten wollen Chinas „Neue Seidenstraße“ mit einer Milliarden-Initiative kontern. Mehr im Liveticker.

www.welt.de

The group 7 wants to invest the giant sum of $600 billion until 2027 in global infrastructure. That is understood as counter move against China silkroad.

I think it's 10th such initiative by G* so far, and none ever materialised. Cash, cash, cash, cash is the king.

 

[kankan326]

Issue with the West is commitment. They can promise whatever amount but whether it will actually be disbursed, that‘s another story. Besides, the West is currently not doing that great economically.

Exactly. Promise from western countries is far from reality. Anyway all developing countries should thank China. Western countries are more humble and generous because of the existence of China.

 

[Mista]

Competition in a healthy way, at least.

 

[etylo]

G7-Gipfel: Von der Leyen will Putin „ins Gesicht zu sagen, was wir von ihm halten“ - WELT

Im Herbst findet der G-20-Gipfel statt – womöglich auch mit Wladimir Putin. EU-Kommissionschefin Ursula von der Leyen will das Treffen zum Gespräch mit dem russischen Präsidenten nutzen. Die G-7-Staaten wollen Chinas „Neue Seidenstraße“ mit einer Milliarden-Initiative kontern. Mehr im Liveticker.

www.welt.de

The group 7 wants to invest the giant sum of $600 billion until 2027 in global infrastructure. That is understood as counter move against China silkroad.

Easy said than done, by the way, where is the US led BBBP for the world now that has the world hyped up so much ?

 

[Song Hong]

After Spending $5.4 Billion, California’s Bullet Train Is Still Going Nowhere. All the monies was pocketed by consulted to feasibility studies.

Indonesia 140km HSR is almost completed at this price tag.

I bet 90% of these 600 Billion USD will go into western consultatants doing nothing.

After Spending $5.4 Billion, California’s Bullet Train Is Still Going Nowhere

Governor Jerry Brown will leave office next month with a legacy of presiding over one of the biggest public policy failures in the state’s history. The California High-Speed Rail project began in 2008 at an estimated cost of about $39 billion to build high-speed train service between Northern...

www.hoover.org

 

[StraightEdge]

After Spending $5.4 Billion, California’s Bullet Train Is Still Going Nowhere. All the monies was pocketed by consulted to feasibility studies.

Indonesia 140km HSR is almost completed at this price tag.

I bet 90% of these 600 Billion USD will go into western consultatants doing nothing.

After Spending $5.4 Billion, California’s Bullet Train Is Still Going Nowhere

Governor Jerry Brown will leave office next month with a legacy of presiding over one of the biggest public policy failures in the state’s history. The California High-Speed Rail project began in 2008 at an estimated cost of about $39 billion to build high-speed train service between Northern...

www.hoover.org

BD can build another Padma bridge with that money.

 

[Song Hong]

BD can build another Padma bridge with that money.

A large proportion of Western aid to 3rd world actually landed into their own consultant pockets. If not the equipment and physical hardware may be marked up 100%. This aid is not free per se but in form of loan.

One day, white man will raise the interest rate creating a default payment. Then 3rd world will be asked to sell their price jewels in addition of putting them into exorbitant interest.

IMF step in and ask for liberalization of this and that especially financial sector.

Then white man come in further snap up everything on fire sale price.

This is what debt trap is all about.

 

[nufix]

After Spending $5.4 Billion, California’s Bullet Train Is Still Going Nowhere. All the monies was pocketed by consulted to feasibility studies.

Indonesia 140km HSR is almost completed at this price tag.

I bet 90% of these 600 Billion USD will go into western consultatants doing nothing.

After Spending $5.4 Billion, California’s Bullet Train Is Still Going Nowhere

Governor Jerry Brown will leave office next month with a legacy of presiding over one of the biggest public policy failures in the state’s history. The California High-Speed Rail project began in 2008 at an estimated cost of about $39 billion to build high-speed train service between Northern...

www.hoover.org

Exactly. Japan was pissed when the Indonesian govt made 360° turn towards Chinese HSR but I am actually glad that decision was made. Japanese are known for taking too much time in infra projects which is reflected in the Jakarta MRT project phase 1. The Jakarta local government is now looking for alternatives for the phase 2. Lets see if Japan will still be working on the project.

 

[satyamev]

Any action against the evil Chinese empire is welcome. They are like parasites or more aptly like viruses .