It has been just over a year since the European Union launched its Global Gateway infrastructure project to compete with China’s Belt and Road Initiative (BRI).
The Global Gateway project was launched in December 2021. Meanwhile, China’s BRI was launched in 2012 and has spread all over the globe, especially to Africa, Latin America and Asia, where it has gained China vast influence. The Communist Party newspaper China Daily recently claimed that in 2022 alone, China had signed new contracts with BRI countries worth nearly $100 billion.
