EU launches €300bn fund to challenge China’s influence

8 months ago 111

Global gateway infrastructure strategy aims to counter Chinese impact in Asia, Africa and Europe

The EU’s plan to invest €300bn (£255bn) in global infrastructure will be better than China’s belt and road initiative, the European Commission president has said, as she announced a strategy to boost technology and public services in developing countries.

Ursula von der Leyen said the EU’s global gateway strategy was a positive offer for infrastructure development around the world and based on democratic values and transparency.

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