Former Ambassador, Senior Fellow & Cluster Leader Vivekananda International Foundation
The announcement on 19 May 2015 designed to transform China from a manufacturing giant into a world manufacturing power was made at a time when the US was distracted internally by the Presidential elections. This plan is to be followed by another two plans in order to transform China into a leading manufacturing power by 2049.
Europe, with its free trade policies, now faces a Chinese buying and acquisitions onslaught. Chinese investments had earlier focused mainly on infrastructure projects in distressed Southern European countries. But stronger concerns have now arisen due to recent Chinese targeting of Northern Europe with an eye on the technology sector.
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