President Joe Biden and President Ursula von der Leyen of the European Commission will announce a global infrastructure initiative on Friday in a bid to counter China’s growing influence, according to multiple reports..
The initiative, which has been in the works for months, is expected to focus on investing in infrastructure projects in developing countries, with a particular emphasis on climate change and digital connectivity. The goal is to create a more sustainable and resilient global economy, while also promoting democratic values and human rights..
The announcement comes as the United States and Europe are increasingly concerned about China’s growing economic and military power. China has been investing heavily in infrastructure projects around the world, including in Africa, Asia, and Latin America. This has raised concerns that China is seeking to expand its influence and control over these regions..
The United States and Europe hope that their new infrastructure initiative will help to counter China’s influence and promote their own values. The initiative is also seen as a way to boost economic growth and create jobs in both the United States and Europe..
The announcement of the initiative is expected to be made at a joint press conference between President Biden and President von der Leyen on Friday. The two leaders are also expected to discuss other issues of mutual concern, including the war in Ukraine, the COVID-19 pandemic, and climate change..
The global infrastructure initiative is a significant development in the relationship between the United States and Europe. It is a sign that the two sides are increasingly concerned about China’s growing power and are willing to work together to counter it. The initiative is also a positive step towards promoting sustainable development and human rights around the world..
