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Developing Asian countries shouldn’t have to choose between Western and Chinese investment – not when every dollar helps

SCMP LogoSCMP1 mo ago

Developing Asian countries shouldn’t have to choose between Western and Chinese investment – not when every dollar helps

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With an urgent need for infrastructure across the region and huge gaps in financing, the West should be praising China’s belt and road even as it launches its own investment plan.

Instead, the newly rebranded PGII looks suspiciously like another US attempt to counter China’s influence.

US President Joe Biden speaks to the press, as German Chancellor Olaf Scholz looks on, during the G7 Summit in Germany on June 26.


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Article Details

Author / Journalist: David Dodwell

Category: Economy

Topics: Press Scholz Summit Germany German President Looks Olaf Chancellor Speaks Biden

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-02, 03:30:21

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Reading Time: 1 minutes read

Article Length: 48 words

Coverage Area: Hong Kong

Availability: Desktop Web, Mobile Web

News ID: 25916

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About SCMP

SCMP Logo

Main Topics: Economy

Official Website: scmp.com

Update Frequency: 12 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2h ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #42

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