Beijing, 28 February 2022 (TDI): Chinese Foreign Minister, Wang Yi said that China is willing to work with the United States on a G7-led global infrastructure plan and welcomes Washington to join its Belt and Road Initiative.

The Group of Seven (G7) richest democracies, consisting of the United States and its allies, proposed the Build Back Better World (B3W) initiative in June to help developing countries meet infrastructure needs, as they sought to counter China’s growing influence.

In a video message, Wang said that China is also willing to consider coordinating with the U.S. ‘Build Back Better World’ (B3W) initiative to provide the world with more high-quality public goods.

He shared his statement at an event for the 50th anniversary of the Shanghai Communique, which marked the normalizing of relations between the United States and China.

He said that China is also open to the United States participating in the Belt and Road Initiative (BRI) and the Global Development Initiative. The Global Development Initiative was called by Chinese President Xi Jinping in September for all countries to work towards sustainable development.

G7’s B3W initiative is seen as an alternative to rival China’s BRI, which was launched by Xi in 2013. More than 100 countries have signed agreements with China to cooperate in BRI projects like railways, ports, highways, and other infrastructure.

Wang invited Washington to work with China in Asia-Pacific to build a “family of openness, inclusiveness, innovation, growth, connectivity and win-win cooperation”, rather than turn the region into one of conflict and confrontation.

He said that the objective of the ‘Shanghai Communique‘ was that the two major powers with different social systems were willing to coexist peacefully. The ‘Shanghai Communique’ is a document that marked the end of isolation between the US and China.

It was issued during then U.S. President Richard Nixon’s historic visit to China. Wang also reiterated a call for the United States to stop supporting independence for Taiwan, a self-ruled island that China claims as its own.