NightFox
Wildling
Source: CNBC.COM
Original Story: Biden to press G-7 leaders to adopt a unified approach to counter China’s rising influence
“WASHINGTON — President Joe Biden will press G-7 leaders to take concrete steps to counter China’s rising global influence on Saturday, the second day of the annual summit.
One of these steps will be a global infrastructure initiative called “Build Back Better for the World.” The multi-billion-dollar plan, parts of which were previously announced, aims to create what one White House official described as a “higher quality” alternative to China’s Belt and Road infrastructure project.
China has been developing overland and maritime routes between East Asia and the rest of the world for nearly a decade. Critics allege the country has also sought to leverage those investments to build political goodwill and discourage criticism of its leadership and institutions.
The new G-7 plan will be funded in part with existing U.S. contributions to overseas infrastructure financing, through institutions like the World Bank and the International Monetary Fund. “
<snip>
“Biden’s most challenging task on Saturday will be to convince G-7 leaders to take concrete action to address what the United States calls the “genocide and crimes against humanity” that China is committing against the predominantly Muslim Uyghurs in Xinjiang Province.
But rather than press G-7 leaders to flatly condemn China’s treatment of Uyghurs, Biden will take a more diplomatic approach. The president will argue that China’s use of forced Uyghur labor represents unfair economic competition.
Biden “will make clear to the world that we believe these practices are an affront to human dignity and an egregious example of China’s unfair economic competition,” an administration official said. “The point is to send a wake-up call that the G-7 is serious about defending human rights, and that we need to work together to eradicate forced labor from our products.”
But there is no guarantee that Biden will be able to convince the rest of his G-7 partners to take concrete action. “
It would appear that contrary to what many had hoped, the tensions between the U.S. and China aren’t going to ease under Uncle Joe anytime soon. If anything it appears that things are going in the opposite direction, especially if Biden succeeds in convincing the Europeans to openly condemn China’s human rights abuses (BIG IF) and to take concrete action to curb them.
On the bright side, looks like the G-7 might FINALLY be considering some concrete steps to counter China’s “Belt and Road” initiative, although it might be a case of “too little, too late”, we’ll see I suppose.
Original Story: Biden to press G-7 leaders to adopt a unified approach to counter China’s rising influence
“WASHINGTON — President Joe Biden will press G-7 leaders to take concrete steps to counter China’s rising global influence on Saturday, the second day of the annual summit.
One of these steps will be a global infrastructure initiative called “Build Back Better for the World.” The multi-billion-dollar plan, parts of which were previously announced, aims to create what one White House official described as a “higher quality” alternative to China’s Belt and Road infrastructure project.
China has been developing overland and maritime routes between East Asia and the rest of the world for nearly a decade. Critics allege the country has also sought to leverage those investments to build political goodwill and discourage criticism of its leadership and institutions.
The new G-7 plan will be funded in part with existing U.S. contributions to overseas infrastructure financing, through institutions like the World Bank and the International Monetary Fund. “
<snip>
“Biden’s most challenging task on Saturday will be to convince G-7 leaders to take concrete action to address what the United States calls the “genocide and crimes against humanity” that China is committing against the predominantly Muslim Uyghurs in Xinjiang Province.
But rather than press G-7 leaders to flatly condemn China’s treatment of Uyghurs, Biden will take a more diplomatic approach. The president will argue that China’s use of forced Uyghur labor represents unfair economic competition.
Biden “will make clear to the world that we believe these practices are an affront to human dignity and an egregious example of China’s unfair economic competition,” an administration official said. “The point is to send a wake-up call that the G-7 is serious about defending human rights, and that we need to work together to eradicate forced labor from our products.”
But there is no guarantee that Biden will be able to convince the rest of his G-7 partners to take concrete action. “
It would appear that contrary to what many had hoped, the tensions between the U.S. and China aren’t going to ease under Uncle Joe anytime soon. If anything it appears that things are going in the opposite direction, especially if Biden succeeds in convincing the Europeans to openly condemn China’s human rights abuses (BIG IF) and to take concrete action to curb them.
On the bright side, looks like the G-7 might FINALLY be considering some concrete steps to counter China’s “Belt and Road” initiative, although it might be a case of “too little, too late”, we’ll see I suppose.