China wants to invest €7.5 billion euros in central Europe

Published on 27 April 2012 at 10:33

China wants to invest $10 billion (€7.5 billion) in new technologies and the green economy in Central Europe, according to declarations made by Chinese Prime Minister,reports Gazeta Wyborcza. At a two-day summit of the region’s fourteen countries the Chinese head of government also said that China will double imports from Central Europe from today’s $50 billion (€37.8 billion) to $100 billion (€75 billion) within the next three years.

According to Polish experts, this is yet another indication that following massive investment in Africa, America and Asia, Beijing is now seriously considering expansion in Central Europe, including Poland, which may become its main partner among the “new” EU member states. But not everyone is happy about the prospect. According to the Warsaw daily -

“... some European experts believe that Beijing is deliberately undermining the EU’s role by building bilateral relations with different European countries. This weakens the EU’s cohesion in relations with China.”

And these have recently been strained. The European Commission is “trying to force” Beijing to open the Chinese public market to European companies, threatening otherwise to introduce regulations that will allow the EU to “retaliate by closing its public market” to Chinese companies.

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