EU to invest billions to stand up to China | DW News

DW News published this video item, entitled “EU to invest billions to stand up to China | DW News” – below is their description.

The European Commission on Wednesday announced an international infrastructure plan called “Global Gateway,” which aims to mobilize €300 billion ($340 billion) in public and private infrastructure investment.

The plan is “global in scope, adapting to the needs and strategic interests of different regions,” and is being seen as a European effort to challenge China’s Belt and Road Initiative, which was launched in 2013 and funds infrastructure projects in the developing world. Critics say China’s plan traps recipients in debt.

“We want to make Global Gateway a trusted brand that stands out because of high quality, reliable standards and high level of transparency and good governance,” said EU Commission head Ursula Von der Leyen.

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DW News is a global English-language news and information channel from German public international broadcaster Deutsche Welle, established in summer 2015.

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In This Story: China

China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes Tibet and Hong Kong. The capital is Beijing.

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