Is the G7 global infrastructure announcement an attempt to catch up to China?

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At the G7 Summit this week, Canadian Prime Minister Justin Trudeau and his counterparts announced new details of a $773 billion plan to invest in sustainable infrastructure projects across the developing world.

It’s being seen as the West playing catch-up to China’s decade-old Belt and Road Initiative.

At a time when the global economy is stumbling, world leaders were eager to stress that the partnership for global infrastructure investment is not charity — but investment.

Global’s Redmond Shannon takes a look at what it will involve and the reasons behind it.