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 is focused on Europe’s capabilities, and how it engages on critical global issues. We investigate European approaches to critical global issues. We examine Europe’s relations with Russia and Eurasia, China and the Indo-Pacific, the Middle East and Africa. Our initiatives include “Ukraine in Europe” – an examination of what it will take to make Ukraine’s European future a reality. But we also examine the role of NATO, the European Union and the OSCE, Europe’s energy security, transatlantic trade disputes, and challenges to democracy. The Global Europe Program’s staff, scholars-in-residence, and Global Fellows participate in seminars, policy study groups, and international conferences to provide analytical recommendations to policy makers and the media. Read more
