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In June, the G7 proposed its new ‘Partnership for Global Growth’ (PGII) as a greener, more sustainable alternative to China’s Belt and Road Initiative (BRI). Unfortunately, PGII is based on several misconceptions about Chinese outbound investment and risks repeating some of China’s mistakes, writes Torsten Weller At the summit in Germany in late June, the heads of government of G7 countries announced the launch of a USD600 billion infrastructure programme…
