Foreign media: the wave of Chinese investment will not drown Europe
According to an article published by Reuters, the wave of Chinese investment will not drownEurope. It was pointed out in the report that currentlyEuropewas deep in debt crisis and the downside risks continue to increase. However, things would not be that terrible as some experts had ever predicted.
Chinais thriving, with the international influence growing. Europe is eager for the possibility thatChinamay use its $ 3.2 trillion foreign exchange reserves to carry out a large-scale purchase of euro-zone government bonds. European companies also hope to cooperate with Chinese enterprises. December 23, 2011, China Three Gorges Group bid for the Portuguese national power company edp 21% of the shares with a maximum of 27 billion euros.China’s investment inEuropeis facing new opportunities and it is likely to accelerate. But overall,China’s investment to Europe accounted for only 0.2% of the total foreign investment that Europe has attracted, and can not be compared to the brilliant achievements of the trade betweenChinaand the EU.
AlthoughChina’s investment in the next few years will accelerate the development of Europe, it will not be so huge as to submergeEurope. Moreover, the Chinese government is still wary of European debt risk, and for the Chinese enterprises acquisition, to participate in international purchase has to go through complex and lengthy domestic approval. Meanwhile, facingChina’s rising momentum, complex ambivalence inEuropeintensified. The criticism ofChina’s investment, such as red capital, state subsidies are often seen in speeches and newspapers. All of these factors will restrict the development ofChina’s investment inEurope.
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