The wind from the East: China and European economic development

Jeffrey Henderson*, Magnus Feldmann, Nana de Graaff

*Corresponding author for this work

Research output: Contribution to JournalArticleAcademicpeer-review

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Abstract

In recent years Europe has become a primary focus for Chinese investment. In the context of the rolling out of Chinese government plans such as its Belt and Road Initiative and ‘Made in China 2025’ industrial strategy, and the fact that many Chinese companies are either controlled or influenced by the Communist Party, major consequences for Europe's economic development — and its social, political and geopolitical corollaries — are now in train. The analyses presented in this special issue significantly advance our understanding of the dynamics and consequences of China's deepening economic engagements in Europe. They do so particularly in relation to the contentious issues surrounding corporate acquisitions by Chinese companies, the security problems associated with some investments and the impact of China's investment finance. This introductory article offers an institutional framework for comprehending the other articles that constitute the special issue and provides summaries of their contents. Additionally, it provides an assessment of how the special issue's contribution advances our understanding of China's externalization and its implications for European economic development.

Original languageEnglish
Pages (from-to)1047-1065
Number of pages19
JournalDevelopment and Change
Volume52
Issue number5
Early online date2 Aug 2021
DOIs
Publication statusPublished - Sept 2021

Bibliographical note

Special Issue: The Wind from the East: China and the Economic Future of Europe.

Funding Information:
This article is based on work conducted in association with the China in Europe Research Network (CHERN). CHERN is funded by European Cooperation in Science and Technology (COST) as Action CA18215. Initial versions of all but one of the articles included in this issue were first presented at a workshop organized by CHERN in Brussels, 7 November 2019. We are grateful to the Interdisciplinary Centre for European Studies (VICES) at the Vrije Universiteit Amsterdam and COST for funding the workshop, and to COST for hosting it. We are also grateful to Luqi Wang of the School of Sociology, Politics and International Studies at the University of Bristol for allowing us to draw on some of her research on Chinese state‐owned companies, though she bears no responsibility for the way we have used her work. Additionally, we are grateful to the members of the Editorial Board of who commented on earlier drafts of this article and to the various referees for their, often extensive, comments on the individual articles. Development and Change

Publisher Copyright:
© 2021 International Institute of Social Studies

Funding

This article is based on work conducted in association with the China in Europe Research Network (CHERN). CHERN is funded by European Cooperation in Science and Technology (COST) as Action CA18215. Initial versions of all but one of the articles included in this issue were first presented at a workshop organized by CHERN in Brussels, 7 November 2019. We are grateful to the Interdisciplinary Centre for European Studies (VICES) at the Vrije Universiteit Amsterdam and COST for funding the workshop, and to COST for hosting it. We are also grateful to Luqi Wang of the School of Sociology, Politics and International Studies at the University of Bristol for allowing us to draw on some of her research on Chinese state‐owned companies, though she bears no responsibility for the way we have used her work. Additionally, we are grateful to the members of the Editorial Board of who commented on earlier drafts of this article and to the various referees for their, often extensive, comments on the individual articles. Development and Change

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