Can Europe compete with China's Belt and Road initiative? | DW Business

For its prestigious Belt and Road initiative, China finances infrastructure projects in 140 countries for almost 1 trillion euros. The EU is trying to counter this with a budget of 300 billion euros for its own project called "Global Gateway." The European Union aims to invest in infrastructure projects in emerging and developing countries with a focus on sustainability, environmental protection and fair competition — criteria that play no role in China's Belt and Road Initiative. #EU #China #BeltandRoad Subscribe: https://www.youtube.com/user/deutsche... For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Facebook:   / deutschewellenews   ►Twitter:   / dwnews   ►Instagram:   / dwnews   ►Twitch:   / dwnews_hangout   Für Videos in deutscher Sprache besuchen Sie:    / dwdeutsch