In an increasingly troubled time for the European Union, Sir Menzies Campbell, Stuart Wheeler, Mark Leonard, Prof Maurice Fraser, Dr Sara Hagemann and John Peet discuss the upcoming European parliamentary elections, and how their outcome will affect the EU and Britain's role in it.
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.
The report’s authors, Francois Godement and Jonas Parello-Plesner, argue that:
“Five years ago the story was European companies establishing bases in China. Now the story is that China is strategically acquiring European companies – giving it ownership of vital infrastructure, access to cutting-edge technologies and allowing it to play some European countries off against others.”
François Godement and Jonas Parello-Plesner.
Notes for editors:
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