The funds will be invested in EU infrastructure projects abroad by 2027, according to the plan. According to the document, the plan aims to forge links and not create dependencies and that democracies need to have the ambition to improve people's lives around the world. For many partner countries, the offer of a rules and values-based cooperation at eye level will be an attractive alternative to the Chinese Belt and Road initiative. The Belgian MEP Guy Verhofstadt said that the EU will push back against China's predatory loans.
The rule of law, the respect of human rights and the respect of human rights are worth defending. This is a good step to make the EU a stronger geopolitical player. The EU Commission wants to help the bloc meet its projected demand for green fuel by giving grants for sub-Saharan Africa and €1.08 billion for North Africa. An EU diplomat said that if this happens, the initiative with its partnership approach can underpin the EU's geopolitical claim and push back Chinese influence. READ MORE: Brexit: Nissan move and burning of EU red tape boosts the UK's economy by billions.
The head of MI 6 warned about China's use of financial and data power to wield influence and he said that Britain's spies should work with the global tech sector to maintain cutting-edge capabilities. Richard Moore said that Beijing used debt traps and data traps to get people on the hook. The increasing complexity of the technology used around the world made MI 6's boffins unable to meet the challenges alone and needed outside help, he added. On Tuesday, Moore made a rare public appearance to talk about the need for a sea change in the culture of the Secret Intelligence Service. Is the EU deal about to be CRUSHED? Judgement Day in court ANALYSIS Boris Johnson faces no confidence vote TODAY after weeks of crisis INSIGHT Brexit success: Beaune trashing UK 'failures torn apart REACTION The changing nature of the work has resulted in a James Bond-style Q figure no longer able to provide all the technological capabilities required by MI 6, he said. He said that because of the challenges we go about recruiting and running secret agents, if you look at some of the technology available to authoritarian regimes around so-called smart cities, technologies, surveillance, etc., we can't do all of that in-house. We can't do it in our Q labs, the boffins behind the wire-type model don't work for us any more. According to Moore, China was one of the countries that had been able to assert itself on the global stage, because of the power of technology, coupled with its economic might. The artificial intelligence capabilities allow Beijing to harvest data from around the world, he said.