The Current Discussion: China's on a resource-buying spree, most recently paying US$13 billion for a stake in an Australian mining company. Is this a threat to your nation and its economy? To the world's?
Chinese investments in Spain are regrettably small – if only they were more copious. China is trying to guarantee for itself the supply of raw materials to continue to grow at a fast rate, but Spain is not the right place for that purpose.
It is absurd to fear Chinese investments. Several decades ago, when the Japanese began to invest in the United States, the same thing happened: there were protests, particularly when they acquired a major film-producing company. The argument was that the purchase could endanger the solidity of American culture. In reality, what happens with those investments is that common interests develop between the two countries that reduce the danger of conflict. Today, with $1.53 trillion in its reserve, the Chinese must cooperate with the Americans so the U.S. economy may remain robust and mutual links may strengthen.
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