CORNWALL, U.K. -- The Group of Seven leaders agreed Saturday on a new infrastructure investment initiative that would serve to counter China's influence in developing countries through the Belt and Road initiative.
China's increasing influence in developing countries across the Indo-Pacific and Africa has concerned the group of rich democracies, and a move to launch the Build Back Better World (B3W) partnership was hinted at by U.S. and U.K. leaders before the summit.
