Thursday 13 December 2018
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Scmp - 3 month ago

EU has a plan for Asian infrastructure but will it compete with China’s belt and road?

The European Union has put forward its own infrastructure and investment plan for Asia with emphasis on sustainability and rules-based investment aspects which China s Belt and Road Initiative has been accused of lacking. The EU s investment in Asia could increase up to fourfold in its next budget, strengthening its presence in the region, which is in need of 1.3 trillion euro (US$1.5 trillion) for infrastructure investment a year, according to EU officials....

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