China's Belt and Road Initiative recast as 'open, green and clean'
The summit marking BRI's 10-year anniversary notably drew Russia's Putin as a guest of honor among 130 nations' leaders.
Belt and Road Initiative (BRI)
The Belt and Road Initiative (BRI) is a global infrastructure development strategy led by the Chinese government. Launched in 2013, the BRI involves projects and investments in more than 150 countries and aims to improve trade and connectivity between Asia, Europe, and Africa.
Enjoy our Free+ stories and our weekly newsletter
Start your free accessAlready have an account? Log in
Italy undecided about exiting China's Belt and Road Initiative
As the only G-7 member to have joined Beijing's sprawling global pact, Italy had indicated it would leave. But now Prime Minister Giorgia Meloni says the decision is still up in the air.
G-7 takes on pandemic, climate and China's role
The G-7 summit wrapped up with vows to end the pandemic, fight climate change and incorporate U.S. President Biden's pledge to “build back better."
China tries to ease debt trap worries about its 'Belt and Road' program
Despite fears about being weighed down with too much debt, developing nations embraced the infusion of Chinese cash.
IMF is wary of governments piling up unsustainable levels of debt
The global financial institution has acknowledged difficulties in assessing the problem among developing nations.