May 20, 2022

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The European Union is preparing to announce a multi-billion dollar plan to counter Chinese influence

The European Union is preparing to announce a multi-billion dollar plan to counter Chinese influence

  • Jessica Parker
  • BBC Reporter – Brussels

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China has made major investments in Asia and Africa, worrying Europeans.

The European Union (EU) is preparing to announce details of a global investment plan that could be seen as a reflection of China’s “Belt and Road” initiative.

Those familiar with the project expressed that it presents “practical” ideas in the fields of digitalization, transportation, environment and energy.

The plan is seen as an attempt by Western nations to counter Chinese influence in Africa and the rest of the world.

On Wednesday, European Commission President Ursula van der Leyen will present the “Global Gateway” initiative.