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Tianhe Sports Center Stadium and China International Trust and Investment Plaza
China’s deep pockets and generous investments are turning to Southern Europe—the latest target in its influence campaign to establish Chinese business, cultural, and diplomatic presence around the world. Chinese state-owned companies are using their financial leverage to build strongholds in Portugal, Greece and Italy.
Since the 2008 financial crisis, China has become a significant creditor to many severely indebted European Union nations. Portugal, Greece, and Italy were all forced to privatize some of their state assets following the euro-debt crisis, making their economies partly dependent on Chinese investors. Private acquisitions also multiplied…
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