The EU wants to counter the Chinese "Silk Roads": "The European strategy is evolving"

Audio 06:24

Una bandera de la UE en el edificio sede de la Comisión Europea, el 13 de octubre de 2021 en Bruselas Aris Oikonomou AFP / Archivos

By: Florent Guignard Follow

1 min

This Wednesday, December 1, Brussels announced that it wanted to mobilize up to 300 billion euros of public and private funds by 2027 in infrastructure projects around the world to compete with the "New Silk Roads" launched by Xi Jinping's China in 2013.

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The project, called " 

 " aims to offer developing countries an alternative to Chinese initiatives, by mobilizing European public funding as well as private.

Objective: to regain control of a conquering China accused of putting pressure on these countries by pushing them into debt in order to better control the situation.

Analysis by Mary-Françoise Renard, professor at the School of Economics attached to the University of Auvergne and head of the Institute for Research on the Economy of China at CERDI (Center for Studies and Research on international Development). 

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