{"id":1939159,"date":"2023-05-26T18:34:19","date_gmt":"2023-05-26T22:34:19","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1939159"},"modified":"2023-05-26T19:41:19","modified_gmt":"2023-05-26T23:41:19","slug":"biden-defends-fords-work-on-chinas-belt-and-road-initiative","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-defends-fords-work-on-chinas-belt-and-road-initiative\/","title":{"rendered":"Biden supports Ford&#8217;s involvement in China&#8217;s Belt and Road Initiative."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-defends-fords-work-on-chinas-belt-and-road-initiative%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1939159&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div>\n<h2>The State Department is Backing Ford&#8217;s Involvement in China&#8217;s Belt and Road Initiative<\/h2>\n<figure>\n\t\t<img decoding=\"async\" src=\"https:\/\/images.pexels.com\/photos\/1181671\/pexels-photo-1181671.jpeg?auto=compress&#038;cs=tinysrgb&#038;dpr=2&#038;h=650&#038;w=940\" alt=\"President Joe Biden and Chinese President Xi Jinping\"><figcaption>President Joe Biden and Chinese President Xi Jinping<\/figcaption><\/figure>\n<p>Get ready for a surprising twist in the ongoing saga of China&#8217;s Belt and Road Initiative. The State Department is now defending Ford Motor Company&#8217;s involvement in one of the project&#8217;s flagship initiatives. Despite concerns over the initiative&#8217;s impact on global security, the Biden administration believes that Ford&#8217;s partnership with a Chinese mining company will help bring Beijing more in line with progressive investment standards.<\/p>\n<h3>Why is the State Department Supporting Ford&#8217;s Partnership?<\/h3>\n<p>In a letter from State Department Assistant Secretary of Legislative Affairs Naz Durakoglu to Sen. Marco Rubio, the administration&#8217;s main concern with the Belt and Road Initiative is the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-descend-into-twitter-war-with-amazon\/\" title=\"Democrats Descend into Twitter War With Amazon\">poor labor<\/a> and ESG records of the companies involved. ESG stands for &#8220;environmental, social, and corporate governance,&#8221; and is a progressive-backed investment strategy.<\/p>\n<p>The letter suggests that the administration is now focused on improving labor conditions in Beijing&#8217;s operations, rather than directly opposing the initiative. This comes after U.S. Ambassador to Indonesia Sung Kim praised Ford&#8217;s partnership with China&#8217;s Zhejiang Huayou Cobalt Company on a nickel production facility in Indonesia.<\/p>\n<p>Durakoglu acknowledged that Chinese-controlled mining companies in Indonesia generally maintain poor labor and environmental standards, but welcomed Indonesia&#8217;s efforts to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-defends-fords-work-on-chinas-belt-and-road-initiative\/\" title=\"Biden supports Ford's involvement in China's Belt and Road Initiative.\">attract additional countries&#8217; firms<\/a> to invest in the sector and raise labor and ESG standards.<\/p>\n<h3>What is the Belt and Road Initiative?<\/h3>\n<p>The Belt and Road Initiative is a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/californias-state-pension-invests-millions-in-chinese-state-owned-companies\/\" title=\"California\u2019s State Pension Invests Millions in Chinese State-Owned Companies\">massive infrastructure project<\/a> that U.S. officials have described as a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/janet-yellen-as-congress-for-billions-to-help-other-countries-debt-relief-climate-change-initiatives\/\" title=\"Janet Yellen As Congress For Billions To Help Other Countries\u2019 \u2018Debt Relief,\u2019 \u2018Climate Change\u2019 Initiatives\">global security threat<\/a>. In response, President Biden launched the &#8220;Build Back Better World&#8221; project, but little has been reported on its progress.<\/p>\n<h3>What&#8217;s Next for the Belt and Road Initiative?<\/h3>\n<p>Despite the State Department&#8217;s support for Ford&#8217;s involvement, concerns over the Belt and Road Initiative&#8217;s impact on global security persist. It remains to be seen how the initiative will evolve and whether the U.S. will continue to take a more nuanced approach to its involvement.<\/p>\n<h3>Conclusion<\/h3>\n<p>The State Department&#8217;s defense of Ford&#8217;s partnership with a Chinese mining company is a surprising development in the ongoing debate over China&#8217;s Belt and Road Initiative. While concerns over the initiative&#8217;s impact on global security remain, the administration&#8217;s focus on improving labor conditions in Beijing&#8217;s operations is a step in the right direction.<\/p>\n<ul>\n<li>ESG stands for &#8220;environmental, social, and corporate governance,&#8221; and is a progressive-backed investment strategy.<\/li>\n<li>The Belt and Road Initiative is a massive infrastructure project that U.S. officials have described as a global security threat.<\/li>\n<li>President Biden launched the &#8220;Build Back Better World&#8221; project in response to the Belt and Road Initiative.<\/li>\n<\/ul>\n<p>Stay tuned for more updates on this developing story.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US State Department endorses Ford Motor Company&#8217;s participation in China&#8217;s Belt and Road Initiative, citing its alignment with ESG standards. Presidents Biden and Xi Jinping are involved. This is viewed as a move towards forward-looking investment.<\/p>\n","protected":false},"author":120,"featured_media":1939160,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[18296,3620,5909,15536,7049,6998,4988,9787],"class_list":["post-1939159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon","tag-belt","tag-biden","tag-chinas","tag-fords","tag-initiative","tag-involvement","tag-road","tag-supports"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1939159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/120"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1939159"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1939159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1939160"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1939159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1939159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1939159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}