How much of the EU does China own? RT’s Boom Bust is here with the answer
Chinese entities reportedly operate, partially or wholly, at least four airports, six seaports, wind-farms in nine countries and 13 professional football teams. The world’s second-biggest economy has invested around €320 billion ($356bn) into the bloc.
While the total amount is not huge, the pace seems alarming. The volume and nature of the investments has raised a red flag, and EU leaders are pressing for a strategy to tackle China’s relentless advances into Europe.
RT’s Boom Bust talked to Richard Wolff, a professor emeritus of economics at the University of Massachusetts, to analyze the potential superpower shift that is underway across the Atlantic.
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