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| Infographie : François Descheemaekere |
[Spiegel Online]
In recent months, China has begun to invest more heavily in Central and Eastern Europe. The new initiative reflects both Beijing's desire to develop beyond the production of cheap goods and its goal of establishing a presence in the European market for those products. The investments could also deepen political ties with countries like Poland and its neighbors.
With much of Western Europe distracted by the euro crisis, China has begun in recent months to intensify its role as an investor in Central and Eastern Europe -- both through loans and the acquisitions of firms. Beijing has estimated foreign currency reserves of $3.2 trillion (€2.52 trillion), and some say the investment spree could be the start of something bigger. Last month, at the April 26 China-Central Europe-Poland Economic Forum in Warsaw, Chinese Prime Minister Wen Jiabao announced the creation of a $10 billion credit line to support Chinese investments in Central European infrastructure, new technology, and renewable energy. Wen's goal is to reach a volume of $100 billion in trade with Central Europe by 2015, an astounding turnaround for a country that was regarded with deep suspicion by the post-communist countries of Central Europe only a decade ago.
And for China, the political benefits of offering such a credit line may be just as important as the economic ones. Indeed, the leaders of 16 countries in the region all traveled to the Polish capital to meet with Wen.
Lire : spiegel.de
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