Better late than never? Almost a decade after Chinese President Xi Jinping unveiled a big plan of investment in global critical infrastructure like railways, roads and harbours, the European Union has finally produced an alternative scheme of its own.
Even if all the financial pledges materialise - and that is already a big "if" - Europe's so-called Global Gateway strategy will amount to only about a quarter of what China has pledged for its Belt and Road Initiative (BRI).
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