President Joe Biden served up bold criticism of Beijing’s global infrastructure initiative during a White House news conference. He said the Belt and Road has left countries that signed onto it “dead in the noose.”
He noted that the United States is working with its Group of Seven partner nations to provide an alternative to doing business for China—especially for developing countries that are looking to grow their infrastructure.
China hosted a summit marking the project’s tenth anniversary earlier this month, where Beijing pledged to invest another $100 billion.
However, the far-reaching investment project has taken heavy criticism in the West with experts calling it a “debt trap” for developing nations.