Capitalizing on the Euro Crisis China Expands Its Influence in Europe

China is seizing on Europe's debt problems to expand its influence on the continent with large-scale investments and purchases of government bonds issued by highly-indebted states. The strategy could push Europe into the same financial dependency on China that is posing a dilemma for the US.
Chinese Prime Minister Wen Jiabao (R) during a visit to the Acropolis with Greek Prime Minister George Papandreou in October.

Chinese Prime Minister Wen Jiabao (R) during a visit to the Acropolis with Greek Prime Minister George Papandreou in October.

Foto: Orestis Panagiotou/ picture alliance / dpa
Translated from the German by Paul Cohen