THE TALE OF TWO CHINAS

Vesselina Pentcheva

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Improving the Dialogue on Chinese Investment in Europe

Twenty years ago, China was an emerging power with limited economic significance to Europe. Today, the country is one of the most influential external investors in the European Union, channeling more than 30 billion euros in 2017. This represents a significant increase from its investments just ten years ago. While almost all Chinese foreign direct investment has gone into acquisitions of European companies by Chinese state owned players, EU member states are increasingly divided over the net impact.

In The Tale of Two Chinas, CEPA Title VIII Fellow Vesselina Pentcheva considers if China is a threat to European unity or an economic lifeline.