China, Europe and the Pandemic Recession: Beijing’s Investments and Transatlantic Security
John R. DeniFollow, Chris Alden, Erik Brattberg, Roger Cliff, Mark Duckenfield, R. Evan Ellis, Nicholas Nelson, Lauren Speranza
Monographs by the US Army War College, Strategic Studies Institute, US Army War College Press
"The coronavirus disease 2019 pandemic has unleashed an immense shock to the global economy. In Europe, gross domestic product has fallen, and unemployment has risen. China might take advantage of the crisis—just as it did in the wake of the global financial crisis a decade ago. As part of its broader national security strategy, China might again use its sovereign wealth fund, government-affiliated companies, and nominally private Chinese firms to provide necessary liquidity in Europe. In doing so, Beijing could take advantage of Europe’s economic difficulties to obtain sensitive technologies, build soft power, and acquire militarily significant infrastructure."