G7 adopted the U.S.-led proposal BuildBackBetter World as an alternative to China’s Belt and Road Initiative. But can it compete with China’s investment? Keith Krach was the under secretary of state responsible for economic diplomacy during the #Trump administration. The Blue Dot network his team drafted was adopted by the Biden Administration and is now the Build Back Better World initiative. This Silicon Valley veteran has a good track record of defeating China’s economic aggression, particularly Huawei’s ambition to take over the global 5G communications.
Research on Chinese projects abroad points to other major problems like corruption, labor violations and environmental risks
The enormous infrastructure development effort could lock in heat-trapping greenhouse emissions for decades.