China bites into Europe’s soft underbelly

Beijing is fast building a bridgehead in Europe by buying up government debt and key strategic assets on the cheap in countries like Greece, Ireland and Spain that have been enfeebled by the crisis. But its long-term ambitions are not just to make money — it wants more of a say in Brussels too.

ESO: Background information: Portugal gains on China’s appetite for debt http://www.europeansources.info/record/portugal-gains-on-chinas-appetite-for-debt/

ESO: Background information: China prepares to invest in Greek projects http://www.europeansources.info/record/china-prepares-to-invest-in-greek-projects/

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