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G7 leaders unveiled their newest effort to problem China’s Belt and Highway Initiative with the announcement of the “Partnership for World Infrastructure and Funding (PGII).” The brand new plan was revealed on Sunday on the leaders’ summit in Germany and included pledges to boost $600 billion in non-public and public funds over the subsequent 5 years.
The U.S. stated it could contribute a 3rd of the financing however didn’t specify how a lot would come from the federal government and what could be raised from the non-public sector.
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