The Chinese Communist Party (CCP) just brokered a new deal with the European Union that, if passed by the European Parliament, will lead to a massive influx of Chinese cash into the European common market.
The Comprehensive Agreement on Investment between Europe and China would allow European multinational corporations to act with more flexibility within China’s borders if ratified by the European Parliament, Euronews reported. China would also gain more access to European financial institutions and investment opportunities. German Chancellor Angela Merkel has pushed hard for the deal, as it is poised to benefit several German multinational corporations and auto manufacturers, reported The New York Times.