Ecuador

Biden promises an alternative to China-led infrastructure and development loans at the Summit of the Americas

WASHINGTON (AP) — President Joe Biden on Friday welcomed leaders of countries in the Americas to an economic summit where they pledged to increase U. S. investment in the region and counter China’s influence. The U. S. president mentioned China in particular in his opening remarks at the first Leaders’ Summit of the Partnership for Economic Prosperity of the Americas. But Biden has brazenly alluded to the country becoming a major geopolitical competitor to the United States.

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