December 1, 2021

The EU on Wednesday launched a new connectivity initiative called the Global Gateway, aiming to mobilize 300 billion euros ($339 billion) in infrastructure outlays by 2027, in another attempt to counter the China-proposed Belt and Road Initiative (BRI).

The EU's Global Gateway is essentially a new case of the West's endless moves - right on the heels of the US-led G7 initiate known as the Build Back Better World (B3W) - to seize the ground in moral terms as such BRI counter-initiatives that tout higher standards and values-based cooperation are de facto rubber checks, international affairs observers said. 

They cited the EU's feeble governing credentials and economic slowdown as undercutting the credibility of its new infrastructure strategy. 

Read more:

https://www.globaltimes.cn/page/202112/1240432.shtml