China's Offensive in Europe

Philippe Le Corre, Alain Sepulchre

• Publisher: Brookings Institution Press
• Year: 2016
• Print ISBN:
  9780815727989
• eBook ISBN:
  9780815727996
• Edition: 1
• Topic: Economia
• Subtopic: Economia internazionale

For years China's international investment interests focused on a search for natural resources in Africa, Asia, and Latin America. Recently, China's focus has shifted to Europe in fields as diverse as real estate, energy, hospitality, transportation, and heavy industry. Chinese foreign investment is expected to grow throughout Europe in years to come. The financial crisis and fall of the euro are helping Chinese companies create a new partnership within the European Union, working to expand China's power through finance and infrastructure.

China's Offensive in Europe studies the trends, sectors, and target countries of Chinese investments in Europe. It also takes a look at European perceptions' of China – a country with very different history and traditions from the Western world.

Philippe Le Corre and Alain Sepulchre examine how Europe's China presence can serve as a benchmark to other developed economies – especially the United States, which is also seeing a rise in Chinese investments.

INDEX

Abou, Serge, 15

Acculturation, 8, 99–114; characteristics of East-West encounter, 99–105, 129, 150; differences between China and Europe, 5, 24, 54, 107–11; draw of international sphere, 105–07; future challenges, 112–14, 153–54; merged multinational corporations, 107–11

Adisseo, 52

Advertising campaigns, 106, 135

Africa, China’s presence in, 4, 5, 7, 46; popular opinion of China, 132–33

Agricultural and food sector, 14, 18, 21, 32

Agricultural Bank of China, 95

Aigle Azur (French airline), 31, 42

AIIB. See Asian Infrastructure Investment Bank

Airbus, 18, 19, 50, 150

Air China, 139, 140, 144

Aircraft industry and airports, 18, 19, 33, 43, 49–50, 91. See also specific manufacturers and airports

Air Defense Identification Zone, 130

Alcatel, 16

Alstom, 81, 99

AMC cinema chain, 65

American Chamber of Commerce in China, xi

Anti-Chinese campaigns and attitudes, 15, 104, 134, 143

Anticorruption campaign, viii–ix, 14

Areva, 99

Aristocratic families and patronage, 121–24, 127

Arsenal football club, Chinese sponsorship of, 34, 109

Asia-China relations, xiii, 43, 132

Asian Development Bank, x

Asian Infrastructure Investment Bank (AIIB), x, 7, 40

Assets Supervision and Administration Commission of the State Council (SASAC), 81

Auction market, 59

Authoritarian consensus, 99

Automobile industry, 16, 19, 22–23, 29, 55–59, 85

AVIC (Chinese aeronautic company), 19, 78

Azmanov, Viktor, 104

Bain Consulting study on luxury market, 59

Baker and McKenzie, 2

Banking. See Finance

Bank of China (BOC), 3, 20, 23, 87, 91, 95, 98, 106, 140

Baudouin (motor manufacturer), 18

Beijing Capital Land, 20

Belarus, 46

Berger, Karine, 49–50

Bird flu epidemic (2013), 134

Bishop, Bill, 143

Blackstone, 94

Bloomberg on Chinese aristocracy, 121–22

BMW, 56, 66

Bo Guagua, 122

Bo Xilai, 122, 123

BOC. See Bank of China

Bockel, Jean-Marie, 126

Bordeaux properties, 59–60, 86

Boston Properties, 44

Bpifrance, 91, 94

Brain drain, 1...

Table of contents

• Cover
• Title Page
• Copyright
• Contents
• Preface
• Acknowledgments
• Introduction: Europe as a Strategic Priority
• One: China’s Entry into the European Market, 1985–2015: First Steps
• Two: Spreading the Tentacles, Opportunistically
• Three: A New Kind of Multinational Corporation
• Four: Great Stretches in Chinese Finance
• Five: The Challenges of Acculturation
• Six: China in 2016: Between Business and Politics
• Seven: China’s Perfectible Image: Building Soft Power and Communication Skills
• Eight: China and the Global Village
• Notes
• Selected Bibliography
• Index