The European Union is playing catch-up to China as it tries to become the partner of choice for countries seeking infrastructure investment. Beijing says its Belt & Road Initiative is all about boosting global development, but critics call it a debt trap for the Global South. Outgoing European Commissioner Jutta Urpilainen has been rolling out the EU’s "Global Gateway" strategy, an apparent bid to step up to the China challenge.
#China #chinabusiness #beltandroad
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