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Significance
Member states have asked the European Commission to spend the next nine months developing a plan containing “high impact and visible projects” to rival the BRI. While EU efforts to counter the BRI are not new, the political will has never been as strong as it is now.
Impacts
China will seek to make the BRI more attractive, such as by launching more initiatives to tackle climate change.
Europe will remain distant from the US position on China, unless Germany gets a Green chancellor or Macron loses the 2022 election.
The deterioration of the EU's relations with Hungary and Poland over rule-of-law issues could push those countries closer to China.
Keywords:
China,
EU,
AP,
EUR,
United States,
economy,
industry,
international relations,
politics,
foreign investment,
foreign policy,
government,
infrastructure,
policy,
media,
party,
private sector,
regional
© Oxford Analytica 2021. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2021
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