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Take Two: Why G7's Program for Developing Countries is Still No Match for China's Belt & Road_我的网站

一 |       8月9日，国家统计局发布数据显示，7月全国居民消费价格指数（CPI）环比下降0.1%，降幅比上月收窄0.2个百分点，同比上涨0.5%；扣除食品和能源价格的核心CPI环比上涨0.3%，同比上涨0.9%。与此同时，受输入性和季节性等因素影响，工业生产者出厂价格指数（PPI）环比下降0.7%，同比上涨3.5%，涨幅比上月回落0.6个百分点。业内人士表示，伴随科技创新与产业升级的稳步推进，我国经济高质量发展的内生增长动力将进一步增强。    The Build Back Better World (B3W) program was pompously announced by the club of seven developed nations to counter China's Belt and Road at the G7 Summit in Cornwall in July 2021. However, little had been heard of the G7's endeavor since then. In June 2022, the Group of Seven decided to breathe new life into the project.,"So far, America has failed to build momentum on its plan to Build Back a Better World," says Francesco Sisci, a Beijing-based China expert, author, and columnist. "However, with this new G7 plan, which includes other countries, this momentum could start to be built. It is a question mark. Nobody is sure until things are realized. But you cannot just underestimate and dismiss this plan, because there is a large commitment of many countries with a large economy and this plan could make big sense.",The G7's grand design envisages laying a secure sub-sea telecommunications cable that will connect Singapore to France through Egypt and the Horn of Africa; creating a COVID-19 vaccine plant in Senegal; expanding solar projects in Angola, including solar mini-grids and home power grids; and establishing an innovative modular nuclear reactor plant in Romania, among other issues.,The US president pledged to mobilize $200 billion in investments in global infrastructure projects over the next five years. The overall investment, including G7 member states and private capital, is expected to reach $600 billion.,"With two competing plans - size matters, at the end of the day," says Sisci. "That is, China may be able to immediately finalize a lot of money in a short time in a number of projects. The G7 countries could be slower, but eventually they could build up momentum and they could channel much more money much more effectively, perhaps, in a much larger number of projects which could stifle Chinese projects.",Sisci suggests that the club of developed capitalist countries "may end up being more effective in many ways [than China], a smaller non-capitalist country.","China, but also Russia, by far, don't have the size, the gravitas to oppose even a divided G7, which is coming together because of this opposition to China or Russia-driven projects," he notes.,UK's Looming Recession is Self-Inflicted, BoJo and BoE are to Blame, Economists Say19 June, 12:09 GMT,G7 Economic & Geopolitical Hurdles,However, some other observers express skepticism over the ability of the US and G7 to implement the project given record-high inflation and cost of living crisis currently engulfing the states. The US, British and European central banks are struggling to tame skyrocketing inflation by raising interest rates to reduce demand, which is prompting recession fears.,"Washington claims they are going to be sending over $200 billion. But where's the money coming from and how is it going to be really used?" asks Thomas W. Pauken II, the author of "US vs China: From Trade War to Reciprocal Deal," a consultant on Asia-Pacific affairs and a geopolitical commentator.,He notes that previously the US Senate voted Biden's landmark Build Back Better initiative down, and for good reason, as Republican congressmen feared that the Democratic administration's spending spree would fan inflation and increase an already bloated national debt.,Pauken also expresses bewilderment over the G7's apparent readiness to embark on the bold international project at a time when the group is involved in the Ukraine crisis with the UK trying to keep the military conflict dragging on. "I mean, it's laughable that they have to think about [competing with] China at this time when they're on the brink of a major war in Europe," the commentator remarks.,Challenge or Opportunity? How China's Digital Silk Road May Change Global Technology Order16 April 2021, 04:00 GMT,Meanwhile, the G7's Global Investment and Infrastructure Partnership cannot be regarded so far as a viable alternative to the Beijing-led Belt and Road Initiative that has been implemented for slightly less than a decade, according to Pauken.,"First of all, [the G7] actually need[s] to make these projects work," says the geopolitical commentator. "Other than that solar plant in Angola, I don't see any of these initiatives really working.",In particular, China invested almost $59.5 billion in its comprehensive infrastructure project in 2021 alone. When it comes to crucial elements of the project, the West appears to be lagging behind. While the G7 is still considering building a subsea cable linking Europe and Southeast Asia, China kicked off its Digital Silk Road (DSR) almost seven years ago. The DSR's backbone is the Pakistan and East Africa Connecting Europe (PEACE), a 9,300 mile long subsea cable network meant to tie Asia, Africa, and Europe together. The network is designed to transmit over 16Tbps per fibre pair with its Mediterranean section going from Egypt to France having already been laid.,WFP Announces Cuts in Food Rations for Refugees in East, West Africa Due to Lack of Funds20 June, 17:13 GMT,Are Emerging Economies Interested in the G7 Agenda?,There is yet another problem as to how to make these Western projects attractive for Global South nations, the Asia Pacific expert continues. In particular, the G7 has been pushing ahead with a climate change agenda and the plan to cut carbon emissions, which is not relevant for the majority of third-world states which are still reliant on cheaper and more reliable fossil fuels and coal plants, he notes.,"You also have to deal with auditing issues as well as the so-called climate change consultants who go on the ground and on site," he says. "You have to prove that those infrastructure projects are not causing much of a carbon footprint. But most of the major infrastructure does require a big carbon footprint, especially in the emerging markets, because they don't have the same equipment or they don't have the same standards or labor laws as they would have in Western Europe or the US.",Many emerging economies, including African countries, are beginning to have a growing frustration with the US and Europe, according to Pauken. The reality is that Africans and many of the emerging markets want to focus on economic stuff, he notes. However, when the US officials come in, they're talking about climate change or gender equity, and this is not as interesting to developing nations, the commentator emphasizes.,"[Developing nations] want help on improving their agricultural production levels and boosting their energy capacity, which the Russians and the Chinese have been doing," Pauken notes.,Given all of the above, it is unlikely that the G7's Global Investment and Infrastructure Partnership initiative is going to actually happen, argues the geopolitical commentator.,"They're rebranding a failed policy, thinking it might work by using new names and new mergers. Last time it was separate between the EU and separate between the US and they somehow think that if you combine the two failed projects into one, that this will somehow succeed. That's not going to work in the real world," Pauken concludes.。

二 |   7月29日，游客在广西南宁市中山路夜市购物消费。记者 陆波岸 摄  国家统计局城市司首席统计师董莉娟分析称，7月CPI同比涨幅比上月回落0.5个百分点，主要是受到汽油价格涨幅回落影响。汽油价格上涨1.0%，涨幅比上月回落16.0个百分点，对CPI的上拉影响比上月减少约0.45个百分点，带动能源价格涨幅回落至0.6%。  以人工智能为核心的消费电子产品迭代升级，直接拉动了计算机、平板电脑等智能终端产品价格的温和回升，成为微观结构中的亮点。  7月15日，市民在成都ROBO+智能机器人旗舰店里体验产品。记者 胥冰洁 摄  工业和信息化部新闻发言人、信息通信管理局局长谢存表示，基于5G的智能终端类型不断丰富，人工智能手机和电脑、智能机器人、AI眼镜、AI玩具等产品成为信息消费新热点。

三 |   数据显示，7月，相关产品需求增加、价格上涨，平板电脑、计算机和移动电话机价格分别环比上涨11.3%、5.5%和1.0%，合计影响CPI环比上涨约0.03个百分点；同比则分别上涨17.2%、17.4%和8.5%，涨幅均有扩大，合计影响CPI同比上涨约0.14个百分点。

四 |   7月25日，在江苏悦达纺织集团有限公司10万锭绿色智能工厂，工作人员进行巡回检查。记者 陈晔华 摄  PPI表现方面，7月，与新质生产力相关的行业价格逆势上涨。数据显示，产业转型升级和消费提质扩容带动部分行业需求增加。例如，智能无人飞行器制造价格环比上涨2.5%，碳素新材料价格环比上涨0.4%，船舶及相关装置制造价格环比上涨0.3%；智能家庭消费设备、护肤用化妆品制造价格分别环比上涨3.4%和0.7%。  湖北省委党校经济学与经济管理教研部教授姜涛认为，产业向高端化、智能化、绿色化转型明显加速，表明中国经济发展的质效都在持续增强。  业内人士表示，尽管国际输入性因素和季节性因素等对部分价格形成短期扰动，但核心CPI的稳健表现反映出国内需求基础依然坚实。同时，前沿技术驱动的消费电子热、新动能相关行业的价格坚挺，深刻揭示了科技创新与产业升级正成为中国经济内生增长的核心引擎。随着促消费、扩内需、强科技等政策效应持续释放，中国经济高质量发展的内生增长动力有望进一步增强。  7月22日，人们在哈尔滨中央大街参观游览。记者 那宇奇 摄   综合记者报道  音视频部制作。

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