Tuesday, November 2, 2010

The Chinese in Europe......

So, the Chinese are no longer just mopping up resource production in Africa (see my earlier posts), investing in infrastructure building (with Chinese labour and supporting businesses) in developing economies inorder to ship these resources out of Africa and into China's factories, but now they are looking to Europe to do the same.  An article in today's New York Times describes how the Chinese no longer feel the need to disguise ulterior motives:
"Ultimately, analysts say, Beijing hopes to achieve not just more business for its own companies, but also greater influence over the economic policies set in the power corridors (my emphasis) of Brussels and Germany.
“They are indicating a willingness to stick their nose into Europe’s business,” said Carl B. Weinberg, chief economist of High Frequency Economics".  Be sure to read this article very carefully.  Chatham House has another opinion, but sources quoted at the end of this paper tend to corroborate the NYT story.

No comments: