Chinese companies have gone on a buying spree in Europe. Economist Shuwen Bian has been taking a closer look at this phenomenon. We ride along with her to Duisburg, where the Chinese state-owned WISCO Corporation has acquired a German company.
Chinese companies continue to be on a shopping spree in Europe and Germany in particular. A fresh study shows that takeovers are usually in line with Beijing's new industrial strategy where nothing is left to chance.
German Chancellor Merkel and Chinese President Xi may strive to champion global free commerce and present a united front against US President Trump's protectionism. But all is not well between the two trade partners.
The White House plans to use emergency laws to curb Chinese investments in US technologies. Originally meant to fight rogue states and terrorism, the laws allow the president to block transactions and seize assets.
The Chinese government believes that it can become the top tech nation in the world sooner rather than later. Some milestones have already been met with more in sight as China looks to surpass the US, Japan and Korea.
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