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G7 agree on $600bn infrastructure bill to rival China’s BRI

From an intercontinental subsea cable system to a modular nuclear reactor plant, the world's wealthiest democracies promise to conduct massive investments across emerging economies.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

June 27, 2022 | 11:11 PM BST

G7 agree on $600bn infrastructure bill to rival China’s BRI

The first day of the G7 summit closed with an informal G7 family photo against the picturesque backdrop of the Wettersteingebirge. Source: Germany's Federal Government/Gülland

The Tech Capital

The Group of Seven (G7) leaders have agreed to raise as much as US$600 billion to help finance infrastructure projects in developing markets as a counter measure towards China’s multitrillion-Dollar Belt and Road project announced in 2013.

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João Marques Lima

Founder and Editor, The Tech Capital

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