Investment that intends to boost research, education and other activities seen as response to China
The EU has laid out a plan to invest €300 billion in global infrastructure over 2021-27 to boost activities including research and education, in what is being seen as a rival to China’s similar Belt and Road initiative.
Called Global Gateway, the initiative “is about increasing investments promoting democratic values and high standards, good governance and transparency, equal partnerships [and] green and clean secure infrastructures […] that catalyse private sector investment”, the European Commission announced on 1 December.
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