| Author (Person) | Godement, François, Parello-Plesner, Jonas |
|---|---|
| Publisher | European Council on Foreign Relations (ECFR) |
| Series Title | Policy Brief |
| Publication Date | July 2011 |
| Content Type | Journal | Series | Blog, News |
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China is using its growing economic strength to buy up strategic assets in Europe, from companies to government debt and infrastructure contracts. A new brief published by ECFR – ‘The scramble for Europe’ – explores the extent and nature of China’s game-changing presence in Europe. China has moved on from buying African ports and building Saudi railways, taking advantage of its economic strength and European weakness to buy up Europe. Its acquisitions include infrastructure such as ports and railways, symbolic car companies like Volvo and MG, and high tech firms. It has bought large quantities of debt in the EU’s troubled periphery and won government contracts while excluding European companies from bidding for Chinese contracts. |
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| Source Link | http://www.ecfr.eu/page/-/ECFR37_Scramble_For_Europe_AW_v4.pdf |
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| Countries / Regions | China, Europe |
