Biden Tries to Rally G7 Nations to Counter China’s Influence

The president urged the leaders of wealthy democracies to offer hundreds of billions in loans to developing nations in a direct challenge to Beijing’s Belt-and-Road Initiative.

By David E. Sanger and Mark Landler

PLYMOUTH, England — President Biden urged European nations and Japan on Saturday to counter China’s growing economic and security influence by offering developing nations hundreds of billions in financing as an alternative to relying on Beijing for new roads, railways, ports and communications networks.

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