A plan by the Group of Seven (G7) nations to counter Beijing’s Belt and Road Initiative has been welcomed by countries in China’s immediate orbit of influence, but will need to overcome doubts about Western commitment to emerging market projects.The Build Back Better World initiative, or (B3W), was promoted at last week’s G7 summit in Britain but remains light on details and is not expected to become a reality for some years.The push, however, is seen as a challenge by the world’s richest…
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