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.
The Biden administration also plans to work with Congress to increase U.S. contributions to the G-7′s Development Financing Toolkit.
“The hope is that, together with G-7 partners, the private sector and other stakeholders, we will soon be collectively catalyzing hundreds of billions of dollars in infrastructure investment for low- and middle-income countries that need it,” said a senior administration official, who was granted anonymity to discuss ongoing negotiations during a call with reporters Friday.
Biden administration aides insist that the project is not about making countries choose between the United States and China.
“This is about offering an affirmative, alternative vision and approach that they would want to choose,” a second administration official told reporters during a briefing on Friday.
“What we’re promoting is a confident, positive agenda focused around rallying other countries that share our values on the issues that matter most,” that official said.
The G-7 meetings finish on Sunday, after which Biden will travel to Brussels, where he will attend a NATO summit on Monday. There, too, the United States will advocate for a strategy to counter China’s global influence.
A Biden administration official said the summit would mark the first time that the NATO countries “will be addressing the security challenge from China directly in a communiqué.”
But Biden is also expected to face some of the same challenges in Brussels that he has in England: The reluctance of many European countries to put their deep economic ties with Beijing at risk by directly confronting China over its malign actions and its alleged human rights abuses.
On Tuesday, Biden will meet with leaders of the European Union.
IFollowing those meetings, the president is scheduled to hold a summit on June 16 in Geneva with Russian President Vladimir Putin.
