A Fuxing bullet train crosses the Nanxihe grand bridge on the China-Laos Railway in southwest China’s Yunnan province on June 2. China’s strength in high-speed rail construction would make it difficult for the US to compete in infrastructure funding in this area internationally. Photo: Xinhua
Opinion
Opinion
Can G7’s infrastructure plan really challenge China’s Belt and Road Initiative?
- While the plan tries to avoid direct competition in China’s areas of strength, such as transport infrastructure, there is still overlap in focus areas like clean energy
- Not only does the US$600 billion pledged pale in comparison to the trillions involved in China’s initiative, but the US seems to be aiming to raise a large portion from the private sector, which may prove difficult
A Fuxing bullet train crosses the Nanxihe grand bridge on the China-Laos Railway in southwest China’s Yunnan province on June 2. China’s strength in high-speed rail construction would make it difficult for the US to compete in infrastructure funding in this area internationally. Photo: Xinhua
