China has invested billions in projects in Greece, but critics fear Beijing is seeking political influence there, too. Still, construction is not the only industry that has been revived thanks to China.
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Serbia is vaccinating faster than the EU — with the help of China. The People's Republic is also investing in train lines, steel mills and surveillance technology there.
The EU-China investment deal is a major step towards negotiations on a free-trade agreement. But it also leaves the incoming Biden administration with a headache over US-China relations in the post-Trump era.
Leaders of EU and China have tentatively approved an investment pact that Brussels hopes will open up lucrative opportunities despite concerns about Beijing's record on human rights.
A €15 billion fund is set to bolster the EU’s space program, making it autonomous from China and the US. EU commissioners also see this as an important step for the continent’s green and digital transitions.
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