EU global investment plan a “true alternative” to China’s – EU exec

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College of Commissioners meeting at the European Commission in Brussels

BRUSSELS – The European Union’s plan to invest 300 billion euros globally in infrastructure is a true alternative to China’s Belt and Road initiative and a better offer, European Commission President Ursula von der Leyen said on Wednesday.

“Indeed, countries … need better and different offers (to China’s initiative),” von der Leyen told a news conference.

“It is a true alternative,” she said.

(Reporting by Jan Strupczewski)