United Kingdom in the financial times recently reported, 6 July Spain sell 10-year government bonds, the management of China's huge reserves of foreign exchange, immediately call the 4 billion euro bonds; when market demand for Spain public debt increased to EUR 145 billion, China's State administration of foreign exchange and in a few hours after the order on purchase of about 10 million euros of public debt. The financial times that the Asian investment, particularly foreign currency reserves increased to nearly 2.5 trillion China return to experiencing euro European financial crisis hits the market, is on the euro area economy voted "confidence" is bound to enhance international financial community's confidence in the euro area, on the European significance of the great emerging from crisis.
This long ago, Europe also once spread a saying: including China, the Asian countries are likely to sell their own European government bonds and other assets in Europe. At that time it was France's foreign trade Bank Research Department in charge of Patrick · Arthus estimation, Asian countries the Bank possession of European assets of about 11 million euros; if they sell these European assets, of the euro against the US dollar exchange rate have plunged from $ 1.23 to $ 0.60. A little common sense is not difficult to imagine that if the euro exchange rate is so large, would be sufficient to destroy the economy of many European countries. Now, China's high-profile subscription bonds, these rumors Spain itself. Moreover, according to the international market "what to buy, what the price," "law" and other foreign investors not only won't sell in the hands of European assets, even to buy with the wind.
There are signs that China's massive subscription bonds, are Spain recently China increase Europe investment one of a series of actions. Last month, Chinese Vice Premier Zhang dejiang visits Greece, both sides signed 14 cooperation agreement include tourism, maritime transport, telecommunications and Greece the areas olive oil exports; most notably, China Ocean shipping companies group in Greece the first port of Piraeus for container terminals up to 43 billion euro investment. With this investment project, the COSCO Group in one fell swoop into Greece's largest foreign investor in the world. From here, the COSCO Group President jiafu access Athens by the courtesy of a "State": the President, Prime Minister of Greece and four ministerial officials met with the Chinese entrepreneurs. Greece media surprised to say that even visiting foreign element is hard to enjoy such a glorious capital city. "Wei (yijiafu) Captain" in a moment became a household name in Greece. According to another report, the Government of Ireland and China are also in close contact with the parties concerned, in the hope that the Chinese enterprises to invest in a central part of the country's 240 hectare industrial park. According to the Dublin Government estimates that investment will come from China to Ireland to create 1 million new jobs.
In recent months, in how to deal with Chinese investment, attitudes of Europe changed 180 degrees to swerve. However, some European media, officials, and academics from the "cold war", resolved that prevent China take euro crisis machine cheap acquisition of European assets. Early this year, when Greece sovereign debt crisis just outcrops, Europe had there is talk of "China willing to Fund help Greece relief"; because of this, some European scaremongering to spectators who loudly clamored for China aid "risk". According to the Washington Post, United States, it is in the pressure of public opinion, not only the Government of Greece was the "inconvenience" to engage with China, even aid France Government "safeguarding of national security interests" as an excuse to stop China's acquisition of a France enterprises.
However, the European opinion shortly after it has undergone significant changes. One of the major newspapers in France-Le Monde says, "China and Asia in euros in the storm has a pivotal role in" ... "(with large foreign exchange reserves) in China for a country are key investors." France's most important economic newspaper — the echo on June 17, disclosure, in China and Greece signed 14 cooperation agreement for the next day, France Ministry held a seminar on China-EU relations. For some participants the censure China on EU investment, France Ministry of Economic Affairs is responsible for the General Secretary of the Treasury Assistant Benoit · Cray said that while in the Central European and many difficulties in the relationship, but "the key to economic recovery in the hands of the Chinese Government," he "willing to the positive side of things." He also stressed that the financial side, China has become a "stability of security". France's economic, financial and employment Minister Christine Lagarde · also on the development of a positive attitude and trade relations. She said that although the French economic and trade relations in the protection of intellectual property and public market access issues, "but we would like to see China's enterprises to France in factories, and France's enterprise is to set up factories in China investment." According to United States Newsweek reported that United Kingdom Royal Institute of International Affairs of China experts poignet SA · Rossi on China's investment in Europe, said: "this is a good deal, on both sides are of great interest. (Because of) Europe needs money, and China needs (investment) market. ”
However, in the face of Europe welcome Chinese investment in new trends, we have to keep a clear head. Foreign investment is risky business. The investor should not only on the national and regional political, economic, social and cultural aspects of understanding and have legal, financial, technological and commercial operations, and other professionals, and this is precisely the "international investment field is deep" ingenuous China's "soft ribs". At the same time, the Chinese entrepreneurs and workers in the West of normal commercial activities also will face a variety of special issues and risks. For example, some European countries on the Chinese citizen's entry, stay, work, and the acquisition of fixed assets and other needs of a variety of unreasonable restrictions.
In addition, although currently trapped in crisis of Europe urgently needs to come from China's investment waives, but this just might be temporarily hide or mitigates the EU economic and trade relations of many disputes and friction. With the EU economic and trade relations in depth, especially in China on the expansion of the scale of EU investment in the EU economic and trade relations of complementarity that bilateral trade friction will increase and deepen the rendered. We lightly.
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