G7 leaders join forces to tackle China's growing hold over poorer countries by ploughing hundreds of millions of pounds into nations indebted to Beijing There has been resistance from the EU, which last year signed a deal with Beijing giving Europe and China greater access to each other's markets. The deal is currently on hold. Under a new scheme, which is being dubbed the 'Green Belt Initiative', the countries will form a 'partnership on green investment' for developing countries, which the UK Government said would offer them a 'democratic alternative' to China. Sources say the plan, called 'Build Back Better for the World', after Biden's election slogan, will finance 'everything from railways in Africa to wind farms in Asia' by 'giving developing countries access to better and faster finance, while accelerating the global shift to renewable energy and sustainable technology'. G7 leaders join forces to tackle China's growing hold over poorer countries by ploughing hundreds of millions of pounds into nations indebted to Beijing.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)