Matthew 24:6 You will hear of wars and rumors of wars, but see to it that you are not alarmed. Such things must happen, but the end is still to come.
- China: Buying Up Europe
- For more than a decade, China has been stealthily buying up European companies in strategic sectors, particularly in technology and energy.
- China has been covering up its European purchases by passing them off as ostensibly commercial investments. It has been hiding the state-owned companies involved in the investments behind “layers of ownership, complex shareholding structures and deals executed via European subsidiaries,” according to Datenna, a Dutch company that monitors Chinese investments in Europe
- A staggering 40% out of 650 Chinese investments in Europe in the years 2010-2020, had “high or moderate involvement by state-owned or state-controlled companies, including some in advanced technologies”.
- What appears to be urgently needed in Europe now is a deeper understanding of the threat that China poses, as well as the political will to act on it. Action is urgently needed to block investments that serve up Europe’s strategic assets on a silver platter to China’s state-owned companies, which the Chinese Communist Party then use to advance its expansionist ends.
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