It intends to announce the $ 600 billion G7 infrastructure plan, US officials: indeed later than China

For Biden, Germany was the beginning of its recent diplomatic journey. Shortly after arriving in Bavaria, Germany, the US president facing various problems rushed to Munich, Germany to participate in the 7th National Group (G7) summit. The main target for the G7 summit is China and Russia. For Russia, the Group 7 stated that it would import gold from Russia as a new round of economic sanctions against Russia.

But in fact, the 7th Country Seven Groups are currently less and less actions that Russia can take. Germany has been forced to re -allow coal burning to generate electricity, abandoning its original "environmental protection" policy. Therefore, unless it can completely get rid of the energy dependence on Russia, the Group 7 Group's new round of economic sanctions on Russia is limited.

Subsequently, the US President Biden announced the launch of the Seventh Kingdom Group (G7) infrastructure plan, hoping to raise $ 600 billion in the next 5 years to provide developing infrastructure funds for developing countries. Among them, the United States will raise 200 billion US dollars through gifts, private investment, etc., and the remaining $ 400 billion will be provided by the American "ally". At present, the European Union has agreed to come up with $ 300 billion, and now there is still a funds gap of $ 100 billion. I do n’t know who will pay for it next.

Hong Kong's "South China Morning Post" believes that the G7 infrastructure plan announced by Biden is actually a modified enhanced version of the "Build Back Back Better World" initiative. The B3W initiative was proposed by Biden at the G7 summit last year that Biden claimed that the United States would take out billions of dollars to provide infrastructure for low -income countries in order to fight against China's "Belt and Road". However, about a year after the plan was announced, the US government only took out $ 6 million, far from the previous billions of dollars of commitments.

The B3W plan has a serious problem of capital shortage

A senior official of the Biden government in the United States stated after Biden announced the G7 infrastructure plan that compared with China's "Belt and Road", American actions were indeed too late. Western countries are now "entering the bureau", which means that they are far behind China in many ways, and Western countries need to make more efforts for this.

It is not only Hong Kong media who are not optimistic about the Biden G7 infrastructure plan. The Wall Street Journal is not optimistic about this large -scale infrastructure plan announced by Biden. The Wall Street Journal believes that the biggest problem of this plan is that Biden may be difficult to unite Western allies. Because the more countries participating in the plan, the more interesting stakeholders are involved, which will face a lot of controversy when the plan is implemented when it is implemented, and all parties want to invest money to the most conducive to themselves.

At the same time, in terms of attitude towards China, some European countries also have different views. At present, France and Italy in G7 have joined the "Belt and Road", and it has indeed gained great benefits from it. In the situation of France and Italy, other European countries also see it. A senior German government official said that the Seven Kingdoms Group criticized China's economic behavior on the one hand, but also called on the establishment of partnership with China in global economic issues. This approach is very contradictory.

Subsequently, the Dutch Prime Minister Mark Lutter also stated in an interview that he opposed any reason to implement the "trade isolation" policy. For the European Union, as long as Chinese products and services meet European standards, they should cooperate with China. Many people also believe that this means that the G7 infrastructure plan cannot be fully separated from China.

Prior to this, a spokesman for the Chinese Ministry of Foreign Affairs, Wang Wenbin, said in response to the relevant infrastructure initiative that global infrastructure construction requires all countries to cooperate, support each other, and supplement each other instead of mutual confrontation and replace each other. The infrastructure initiative in the United States is full of zero -sum games and confrontation thinking, and it is unpopular. China not only welcomes all behaviors to promote global infrastructure construction, but also is willing to cooperate with it.

Of course, there are also problems in the face of the G7 infrastructure plan in the United States. In terms of spending money, the principles of the Democratic and Republican Party have always been "I can spend, but we must not let the other party have money to spend." Therefore, the US $ 200 billion of the US Biden government's commitment is mainly provided by donations and private companies.

But the problem is that private companies are profitable, unless they can provide them with enough benefits, otherwise where the US capitalists have this consciousness. In this way, the G7 infrastructure plan will inevitably add many political conditions, which will further increase the difficulty of the plan. Biden promised to "bring back" investment, it is a high probability that it will become a empty words.

Picture source network, invading deletion.

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