EU unveils plan to boost competitiveness

BRUSSELS, Jan. 29 (Xinhua) -- The European Commission on Wednesday presented the Competitiveness Compass, a strategic blueprint aimed at restoring the European Union (EU)'s economic edge and driving technological leadership as it seeks to close the gap with the United States (U.S.) and China.

Acknowledging a two-decade lag in productivity growth compared to other major economies, the Compass focuses on boosting