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China considers investing in EU fund

China has expressed interest in providing money to back the European Fund for Strategic Investments, which has been supported with funds previously assigned to Horizon 2020.

At a meeting in Beijing, Chinese officials told a delegation of MEPs from the European Socialists and Democrats that they were keen to participate in the EU programme because of its similarity to China’s own infrastructure investment plan, entitled the Silk Road. According to a leaked document reported by Reuters, investment by the Asian nation could total billions of dollars, as China seeks to influence global economic development.

Gianni Pittella, president of the S&D group president said in a press release that the Chinese authorities had “openly confirmed their interest and willingness to participate in the Juncker Investment Plan, stressing the synergies with the new Silk Road”. He added, “We warmly welcome this and share their interest in collaboration.”

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