China has invested heavily in Europe. Not everyone’s convinced it was a good idea
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Published 2023-08-30
This means that Chinese firms are now shareholders in many key European infrastructure projects. These include ports, wind and solar farms, telecommunications, airports - the list goes on.
But there are growing fears that Beijing could use its strategic investments to further its own political ambitions. A recent dispute between the Baltic nation of Lithuania and Beijing shed light on potential reactions from China.
It’s led European governments to step up their scrutiny of Chinese investments and attempt to figure out how to redesign their relationship with Beijing.
Dr Yu Jie from Chatham House told CNBC that we’re going to see more frictions regarding Chinese investment in Europe looking ahead.
Watch the video above to find out more.
#CNBC #China #Europe #Business
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All Comments (21)
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According to your logic, European investments in China can be seen as bad for China?
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Now compare with what US owns in Europe
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Cosco bought 24.9% of one single terminal of the Hamburger Hafen, not 24.9% of the entire port area. Hamburg has 42 terminals…
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When Europe colonized and invested China, nobody said a word! 🤣
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dependent totally on US military for Europe security: OK, EU saved money. China buys 20% stake of a port : Nd, China exerting political influence.
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I'm more concerned about the manipulative entities who own CNBC, goodness knows they've caused more trouble than China.
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Those unable to compete and afraid of losing influence will always see it that way.
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Always amazed that the US got a lot of investors. Those investors own a lot of real estate and companies. If you dont accept these investors as a countr, you are dirt poor. If you accept it, you siphon profits and equity to Americans, but the moment china does the same, we get anxious.
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In Ireland we do not allow any sales of Ports or Utility's and all are state owned . Germany and Belgium are mad in the head allowing China controlling some ports in Germany
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I think you meant "China invested heavily in Europe, but at what cost?"
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Globally China seems to be one big Amazon Prime
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They heavily invested everywhere.
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As if Western companies and nations don't do this 😂
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its funny, foreign investments happens all the time, it helps to create local jobs, how is this bad really..
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With no cheap gas from Russia and less lucrative trade with China, the EU gets broken in a blink of the eye.
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Nobody wants to rely on someone too much, it is really great to hear that. But think about your security policy and US!
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Dear Lithuania, China stopping trade with you is not an economic coercion. Any country has the right to trade or not trade with anyone. That also includes your country having the right to choose Taiwan over China for political reasons. Sanctions, Economic blocs, Trade embargoes, asset takeaway, bank freeze, and military confiscation of oil ships are economic coercion, in which your biggest ally, USA, does consistently well every year towards different countries.
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China invests in strengthening commercial relations with their partners, USA invests in military bases to ensure its hegemony, those strategical priorities can tell you everything about both countries agendas.
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Only western bourgeoisie aren't happy about it. Which, automatically, makes it a positive for the vast majority of westerners.
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Regarding China using their economic power when others conflict them politically.... Name one country or bloc that doesn't do that. US, India, Israel, EU...
