EU plans €300bn global infrastructure spend to rival China

The EU desires to mobilise as much as €300bn of spending on infrastructure and different tasks for a International Gateway plan to reply to China’s influential Belt and Street Initiative.

The European Fee’s draft proposals, seen by the Monetary Occasions, counsel that the EU’s ambitions will rely closely on leveraging non-public sector spending in addition to public funding, whereas co-opting spending from EU member states.

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EU plans €300bn global infrastructure spend to rival China

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