Credit: IE/Alexia Barakou
Credits: Art Direction & Motion Graphics Design: Alexia Barakou Sound design: Panagiotis Papagiannopoulos & Alexis Koukias-Pantelis Narration: Pavlos Zafiropoulos
Only the Chinese investments in the European Union, Norway and Switzerland since 2009 have been counted, for which investors have paid at least 100 million US dollars. The information is based on a data collection of the American Enterprise Institute (AEI), which has been checked as far as possible and supplemented with information from other sources. Some investors have resold the acquired shares (or parts thereof) and this has not been recorded in all cases. Sources: AEI/Institute of the German Economy/Swiss Commercial Register CRIF/Company details
The rise of China to an economic superpower poses a strategic dilemma for European governments. The 1.4 billion-people empire in the Far East has become an indispensable part of its economy, as a sales market as well as investor. But with an increasingly bitter trade war between the US and China, Europe is finding itself caught in the middle without a clear and united policy on how it deals with Chinese investment.
For this the Chinese in Europe wisely exploit the failures of our governments and actually help regions and countries in need. Chinese foreign direct investment (FDI) in the European Union has increased by almost 50 times in only eight years (see above map).
But to what extent is this economic interdependence used by the Chinese government to serve, not only economic but also geostrategic purposes, buying political influence through investment.
As Chinese globalisation continues apace, IE asks, is this good for Europe or does it come at too high a price?
IE reporters travelled Europe from Portugal up to the nordic outskirts of Norwegian Kirkenes and found answers that might contradict a few of your expectations.
Stay tuned for publications from all over Europe in the coming weeks.