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EU Agrees on Infrastructure Plan to Rival China’s New Silk Road  

European Union foreign ministers agreed Monday on an ambitious global infrastructure plan linking Europe to the world.   The infrastructure scheme is designed to rival Chinese President Xi Jinping’s Belt and Road Initiative, which Western governments fear encourages countries to take on large Chinese loans that can then be leveraged by Beijing for political purposes.    German…

SoftBank’s investment strategy in China unchanged: CFO

TOKYO — SoftBank Group’s investment strategy in China remains unchanged even as some of its biggest investments in the country come under intense regulatory scrutiny, Chief Financial Officer Yoshimitsu Goto said on Tuesday.SoftBank invested nearly $11 billion in Chinese ride-hailing company Didi Global, which went public in the U.S. before China’s Cyberspace Administration on July…