EU bids £300BN to challenge the Chinese Influence.

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The EU has revealed details of a€ 300bn (£ 255bn;$ 340bn) global investment plan, described as a” true volition”to China’s Belt and Road strategy.
European Commission President Ursula von der Leyen said the Global Gateway scheme should come a trusted brand.
China has funded rail, roads and anchorages but has been indicted of leaving some countries ladened with debt.
The Commission chief said countries need” trusted mates”to design systems that were sustainable.

The EU is looking at how it can work billions of euros, drawn from member countries, fiscal institutions and the private sector. This will largely take the form of guarantees or loans, rather than subventions.
Mrs von der Leyen said the EU wanted to show that a different, popular approach could deliver on systems that concentrated on diving climate change as well as global health security and sustainable development for developing countries.
Systems had to be of high quality, with a high position of translucency and good governance, and had to deliver palpable results for the countries involved, she explained. One EU functionary told the BBC that Africa would be a major focus of the scheme.

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