China's Financial Footprint in Europe
In his piece “China’s Financial Footprint in Europe,” Global Europe Global Fellow Nicola Casarini explores the economic and political implications of China’s financial involvement in Europe.
In his piece “China’s Financial Footprint in Europe,” Global Europe Global Fellow Nicola Casarini explores the economic and political implications of China’s financial involvement in Europe. In his analysis of China’s financial pivot towards Europe, Casarini examines Beijing’s broader strategy to export capital and political influence and how Europe contributes to China’s ultimate goal of making the Yuan one of the main currencies for global trade. Casarini describes the evolution of Chinese investment in European companies, purchases of euro-denominated assets and China’s enhanced monetary relations with European central banks. While China’s financial footprint provides economic benefits to the crisis-hit countries of the Eurozone, Casarini observes, some of the more established and stable EU member states are concerned that Europe’s growing dependence on Chinese investment could make it more difficult for Brussels to adopt critical positions against Beijing in the future.
Read the full piece here.
About the Author
Global Europe Program
The Global Europe Program addresses vital issues affecting Europe’s relations with the rest of the world through scholars-in-residence, seminars, international conferences and publications. These programmatic activities cover wide-ranging topics include: European energy security, the role of the European Union and NATO, democratic transitions, and counter-terrorism, among others. The program also investigates comparatively European approaches to policy issues of importance to the United States, including migration, global governance, and relations with Russia, China and the Middle East. Read more