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Can Europe compete with China's Belt and Road initiative? | DW Business
Posted
December 28, 2022
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December 28, 2022
113,281
1,101
797
1.68%
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5:51Now PlayingFor its prestigious Belt and Road initiative, China finances infrastructure projects in 140 countries for almost 1 trillion euros. The EU is trying to counter this with a budget of 300 billion euros for its own project called "Global Gateway."
The European Union aims to invest in infrastructure projects in emerging and developing countries with a focus on sustainability, environmental protection and fair competition — criteria that play no role in China's Belt and Road Initiative.
#EU #China #BeltandRoad
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