Investment in Europe from China surges

A combination of financial woes and China's desire for European know-how is accelerating mainland investment in Europe.

"China believes it can get cheap assets in the European Union with this EU debt crisis. Chinese companies are waiting for assets like ports in southern Europe because they hope to get them cheaper," Bernd-Uwe Stucken, a partner at British law firm Pinsent Masons, said.

Debt-ridden EU nations, including Portugal and Greece, were required to sell state assets as part of their economic plans, Stucken said.

via Business feed http://www.scmp.com/business/china-business/article/1045070/investment-europe-china-surges