Name the project recently planned by European Union to counter China’s Belt and Road Initiative?

A. West Gateway
B. Asia Gateway
C. Europe Gateway
D. Global Gateway


Correct Answer: D. Global Gateway

Detailed About MCQs

Brussels has announced plans to raise up to €300 billion to counter China’s infrastructure spending around the world. The money will help poorer countries build highways, pipelines, and broadband networks. The move is a response to China’s Belt and Road Initiative (BIR), a massive collection of infrastructure projects across the globe that has served to fortify Beijing’s foreign policy and soft power. Named Global Gateway, the European enterprise is meant to bring in the necessary investment to manage worldwide challenges, such as the fight against climate change and the security of supply chains. The scheme promises to promote high social, environmental, fiscal, and labor standards.