Can the EU’s Global Gateway approach compete with Beijing? | | European Union
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Movie Time 25 minutes 15 seconds
The European Union’s strategic direction is seen as a challenge for the China Belt and Road Initiative.
The European Union (EU) has established a system that is described as a global financial system.
The Global Gateway route seems to be a challenge for China’s Belt and Road Initiative. Its purpose is to raise $ 340bn to help finance the construction.
It will focus on transportation, health, education, and digital and climate services worldwide, including in Asia, Africa, the Middle East and Latin America.
The EU is China’s biggest trading partner, and the project could allow it to strengthen its political power.
Beijing has also increased its chances in the eight years since its inception. But critics say the move has put many countries in debt.
Presenter:
Halla Mohideen
Visitors:
Zainab Usman – Director, Africa Program on Carnegie Endowment for International Peace
Luisa Santos – Deputy Director General at Business Europe
Victor Gao – Vice President of the Center for China and Globalization
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