EU invests billions in developing countries - seen as a challenger to China
The EU is investing billions in infrastructure investments in developing countries. The initiative is seen by many as a challenger to China's project "New Silk Road" - also known as the Belt and Road Initiative (BRI). Pictured: one of the terminals of a high-profile BRI-funded railway project in Laos, which was inaugurated two days after the launch of the EU initiative. Photo: Pakopakopapa. Source: Wikimedia Commons.
Of: Markus Hietanen
The EU promises multi-billion sums in infrastructure investments to developing countries under the heading "The Global Gateway". Many see the initiative as a direct challenger to China's similar giant project "The New Silk Road", while others question the EU's ability to compete with China.
May 6, 2022, Analysis