Header Ads Widget

Chinese investment in major European companies, Western countries scared

The Western Defense Alliance NATO believes that the recent surge in Chinese investment in technology-sensitive sectors in Europe could be detrimental to European security.
SOURCE: DW

Protecting Western technology from Chinese companies has become very important, says John Sievers, former head of the British intelligence agency M Solah. Interviewing the Sky News Channel, he added that it could not be taken as a threat to the former Soviet Union during the Cold War era, but competition for control over technology is intensifying.
Along with the statement from the former British intelligence chief, reports have emerged that the UK-based semiconductor chip designer company Imagine Technologies plans to relocate its office to China. The company was bought in 2017 by a private equity company with the support of the Chinese government.
It is important that the administration of the president of the United States continues to express similar concerns to its European partners. These American concerns are particularly concerning the FiveG network project in Huawei, China's largest telecommunications company.
On the other hand, European countries' economic ties with China are also moving at a time when the economic downturn has taken place. In this context, the European Union and the Western Defense Alliance NATO have warned that they should stop the Chinese chain under which major European companies are being bought.
At a meeting of defense ministers of the allied states, NATO Secretary-General Janice Stoltenberg on Wednesday made it clear that the geopolitical implications of the Cody-Anseba epidemic could be extraordinary if some allies would sell off their core assets.
On this occasion, the Defense Ministers also discussed Article 3 of the NATO Agreement. This clause covers the sale of sensitive equipment, as well as key industries during the crisis. For this reason, Mr. Romana, Romania's deputy to the Secretary-General of NATO, said that governments know which industries are of a strategic nature and must protect them in every possible way.
Experts observing European conditions and events believe that Chinese economic activity has increased in Europe in recent years and this could be a problem for the continent.
In his research, Franz Paul van der Putten, a senior researcher at the Klingon Dell Center in The Netherlands, cited China's economic interest in certain strategic enterprises in Europe. According to him, the Beijing government has set its sights on Greece and Belgium and Spain in addition to buying shares of COSCO, a Greek shipping company. They have expressed hope that European governments will find a positive and appropriate solution to this challenge.

Post a Comment

0 Comments