US President Joe Biden formally launches the Partnership for Global Infrastructure and Investment at the G7 summit in Elmau, Germany, on Sunday, as German Chancellor Olaf Scholz listens. Photo: AP
US President Joe Biden formally launches the Partnership for Global Infrastructure and Investment at the G7 summit in Elmau, Germany, on Sunday, as German Chancellor Olaf Scholz listens. Photo: AP
G7

Biden unveils US$600 billion global infrastructure plan at G7 summit to counter China’s Belt and Road

  • Clean energy, secure communications technology and health systems among focus areas for programme funded by grants, federal financing and private sector
  • Five-year arrangement updating last year’s Build Back Better World initiative meant to offer alternative to ‘debt traps’, US official says, in swipe at Beijing’s model

US President Joe Biden formally launches the Partnership for Global Infrastructure and Investment at the G7 summit in Elmau, Germany, on Sunday, as German Chancellor Olaf Scholz listens. Photo: AP
US President Joe Biden formally launches the Partnership for Global Infrastructure and Investment at the G7 summit in Elmau, Germany, on Sunday, as German Chancellor Olaf Scholz listens. Photo: AP
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