China has invested heavily in Europe in recent years and is obviously closely watching for new opportunities to consolidate and increase its presence !
It also welcomes European Companies which want to operate in China. In this way it obtains technological know-how cheaply which it can then exploit !
In Europe, China has invested in almost all EU countries ! Brief examples are,
- Airports, (Toulouse for example),
- Commercial and Residential Real Estate
- A share in the Hinkley Point Nuclear plant project
- Interests in Transportation buisinesses.
China has become a major supplyer of steel to Europe and very recently warned that there would be a steep price increase ! The cheap Chinese Steel Production costs has already destroyed the EU steel industry !
How many Chinese executives and their families will be required to monitor Chinese interests in the EU ?
The population of China is almost three times the population of the EU ! This means that the EU should be monitoring and formally authorising any new investment activities of China in the EU. One must avoid "dumping" of cheap goods or cheap manpower services. Likewise one must also ensure that EU companies are fairly treated in China !
Are statistics and Reports on these activities available on an EU wide basis ? If not, this could become the next Scandal to hit the EU Headlines !
.
No comments:
Post a Comment