(FILES) In this file photo US President Joe Biden takes part in a press conference on the final day of the G7 summit at Cornwall Airport Newquay, near Newquay, Cornwall on June 13, 2021. The global infrastructure plan announced by G7 leaders aims to offer developing nations a credible alternative to China's much-criticized Belt and Road Initiative -- but it faces major hurdles on the ground, especially if Beijing's hiccups are any indication.  US President Joe Biden was able to convince the G7 to sign onto the initiative, drawing allies into Washington's strategic rivalry with Beijing, under a plan titled "Build Back Better World" (B3W) that aims to provide hundreds of billions in infrastructure investment to developing nations.
 / AFP / Brendan SMIALOWSKI
US President Joe Biden's plans were welcomed at the recently concluded G7 summit in Cornwall. AFP

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