China changes BRI name to compete with Biden’s B3W with focus on green finance and inclusive development


Source: bollyinside.com bollyinside.com

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China welcomes various countries to participate in BRI and remains open to international cooperation conducive to enhancing connectivity and realising common development, Han Wenxiu, a senior official with the ruling Communist Party of China for Financial and Economic Affairs told a media briefing here on Friday, highlighting the deliberations of the Plenum meeting of the party, which has cleared the decks for Chinese President Xi Jinping’s record third five-year tenure. When B3W was unveiled by Biden during the G-7 summit in June, with the goal of creating “a values-driven, high-standard and transparent infrastructure partnership” to help finance projects in developing...