Can the EU’s Global Gateway strategy compete with Beijing? | European Union
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Video Length 25 minutes 15 seconds
The European Union’s infrastructure strategy is seen as a challenge for the China Belt and Road Initiative.
The European Union has launched what is described as a roadmap for major investments in infrastructure worldwide.
The Global Gateway strategy is seen as a challenge for China’s Belt and Road initiative. The goal is to raise $ 340 billion to fund infrastructure.
It will focus on transportation, health, education, and digital and climate projects around the world, including Asia, Africa, the Middle East, and Latin America.
The EU is China’s largest trading partner, and the project would allow it to boost its geopolitical impact.
Beijing has expanded its reach in the eight years since its launch. But critics say the project has pushed many countries into debt.
Presenter:
Halla Mohideen
Guests:
Zainab Usman – Director of the Carnegie Endowment for International Peace Africa Program
Luisa Santos – Deputy General Manager of BusinessEurope
Victor Gao – Vice President of China and Globalization Center
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