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Asia has wary welcome for G7’s answer to Belt and Road

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Reuters

By Bernadette Christina and Aradhana Aravindan JAKARTA/SINGAPORE (Reuters) – A plan by the Group of Seven 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 the UK 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 democracies to China’s growing inf…

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