Investment by Chinese, Russian, Turkish, Middle Eastern, or Indian
capital has been increasingly available for semi-peripheral regions
within the EU. The expansion of Chinese capital has become a significant
factor across the global semi-periphery and periphery, from Central
Asia, Latin America and Africa to Eastern Europe. Besides exporting a
surplus of capital, labor, and excess capacities in various construction
and logistics industries as the legacy of the post-2008 crisis
management (for which large infrastructure projects were the main
tools), an important priority on the Chinese side has been access to
Western markets and technology (often targeted by mergers and even
hostile acquisitions or strategic bilateral collaborations). Eastern
members of the EU have been navigating these conditions from the
position of junior partners that combine EU dependencies with a
potential to receive Chinese capital interested to access Western
European markets.
https://lefteast.org/chinese-capital-hungarian-accumulation-regime/
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