Recently,the US announced its Build Back Better World(B3 W)initiative,followed by the Clean Green Initiative(CGI)by the UK and the Global Gateway(GG)by the EU.All driven by Western values,these infrastructure investme...Recently,the US announced its Build Back Better World(B3 W)initiative,followed by the Clean Green Initiative(CGI)by the UK and the Global Gateway(GG)by the EU.All driven by Western values,these infrastructure investment plans are global in scope,focused on soft infrastructure and intended to mobilize private capital through development finance institutions(DFIs).At present,all of them have entered the project selection phase.However,due to the inadequate capabilities of the US and Europe to deliver promised funds,their diverging policies toward China,the difficulties faced by their governments to leverage private capital,and the paradox of Western values,great uncertainty surrounds the results and effectiveness of these plans.Moreover,these plans may have difficulty in fundamentally affecting China’s Belt and Road Initiative(BRI).Yet it is still necessary for China to take heed of the combined impacts of these plans.Particular attention should be paid to the impacts of equity investments and the increasingly complex situations in surrounding countries.Related to these,China must reinforce the functions and roles of its financial institutions,whether development-oriented or policy-based,strengthen supportive policies,increase cooperation in new economic fields,improve infrastructure construction models,communicate relevant concepts,and foster more favorable public opinion.展开更多
At the 6th EU–AU Summit in February 2022,the European Exter nal Action Ser vice an nounced the EU–Africa: Global Gateway Investment Package, speeding up the implementation of the Global Gateway strategy in Africa. T...At the 6th EU–AU Summit in February 2022,the European Exter nal Action Ser vice an nounced the EU–Africa: Global Gateway Investment Package, speeding up the implementation of the Global Gateway strategy in Africa. The strategy seeks to counter the Belt and Road Initiative, consolidate Europe–Africa cooperation, repair Europe–Africa relations,and promote European values. However, advancing the Global Gateway strategy in Africa is constrained by geopolitical and value considerations, heavy historical burdens, unrealistic investment packages, and the uncertain sources of investment funds, thereby affecting African countries’ acceptance of the investment package.Therefore, advancing investment and cooperation in Africa based on the principle of noninterference in internal affairs and mutual benefit, rather than treating Africa as an arena for big power rivalries, will truly benefit, and be welcomed by, African countries.展开更多
文摘Recently,the US announced its Build Back Better World(B3 W)initiative,followed by the Clean Green Initiative(CGI)by the UK and the Global Gateway(GG)by the EU.All driven by Western values,these infrastructure investment plans are global in scope,focused on soft infrastructure and intended to mobilize private capital through development finance institutions(DFIs).At present,all of them have entered the project selection phase.However,due to the inadequate capabilities of the US and Europe to deliver promised funds,their diverging policies toward China,the difficulties faced by their governments to leverage private capital,and the paradox of Western values,great uncertainty surrounds the results and effectiveness of these plans.Moreover,these plans may have difficulty in fundamentally affecting China’s Belt and Road Initiative(BRI).Yet it is still necessary for China to take heed of the combined impacts of these plans.Particular attention should be paid to the impacts of equity investments and the increasingly complex situations in surrounding countries.Related to these,China must reinforce the functions and roles of its financial institutions,whether development-oriented or policy-based,strengthen supportive policies,increase cooperation in new economic fields,improve infrastructure construction models,communicate relevant concepts,and foster more favorable public opinion.
文摘At the 6th EU–AU Summit in February 2022,the European Exter nal Action Ser vice an nounced the EU–Africa: Global Gateway Investment Package, speeding up the implementation of the Global Gateway strategy in Africa. The strategy seeks to counter the Belt and Road Initiative, consolidate Europe–Africa cooperation, repair Europe–Africa relations,and promote European values. However, advancing the Global Gateway strategy in Africa is constrained by geopolitical and value considerations, heavy historical burdens, unrealistic investment packages, and the uncertain sources of investment funds, thereby affecting African countries’ acceptance of the investment package.Therefore, advancing investment and cooperation in Africa based on the principle of noninterference in internal affairs and mutual benefit, rather than treating Africa as an arena for big power rivalries, will truly benefit, and be welcomed by, African countries.
