China Buys Up European Assets to Push Back Against U.S. Free Trade Deals

Italian Prime Minister Matteo Renzi with Chinese President Xi Jinping in Beijing, June 11, 2014 (AP photo by Wang Zhao).
Italian Prime Minister Matteo Renzi with Chinese President Xi Jinping in Beijing, June 11, 2014 (AP photo by Wang Zhao).

In late July, State Grid Corporation of China—the world’s largest state-owned electric utility company—bought a 35 percent stake in Italy’s CDP Reti for $2.8 billion. CDP Reti, itself a state-owned energy holding company, has its own 30-percent controlling stake in the Italian natural gas giant Snam and power grid company Terna, giving the Chinese company major interests in Italy’s energy market. State Grid’s Italian purchase added to a portfolio that includes a 25 percent stake in Portugal’s REN, which controls the two main Portuguese power grids. The purchases were the latest sign that Europe has become a battlefield for China, […]

Keep reading for free right now!

Enter your email to get instant access to the rest of this article, get five free articles every 30 days, and to receive our free email newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having your own personal researcher and analyst for news and events around the globe. Become a member now, and you’ll get:

  • Immediate and instant access to the full searchable library of 15,000+ articles
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday
  • Daily links to must-read news, analysis, and opinion from top sources around the globe, curated by our keen-eyed team of editors
  • Weekly in-depth reports, including features on important countries and issues.
  • Your choice of weekly region-specific newsletters, delivered to your inbox.
  • Smartphone- and tablet-friendly website.
  • Completely ad-free reading.

And all of this is available to you — right now for just $1 for the first 30 days.

More World Politics Review