A good while ago I mentioned how China was taking advantage of Greece's current financial problems to to buy into the EU. Well that was just a contracted that was helpful to Greece's economy at a bad time. Now China is offering to buy up Greek debt especially in key areas of infrastructure that are of vital importance to Chinese export markets. Since Greece solving its' debt problem of vital importance for the whole of the EU this would give Beijing considerable leverage over the EU. The article mentions how this might cause the EU to be less critical of the current value of the Yuan. I agree but almost certainly not for the reasons the author meant. Interestingly this is quite similar to how the IMF and World Bank operate in service of US foreign policy.
As I said before, it is all smiles and kindness now but once they have that leverage China could well try to do some unpleasant things to the EU and more to the point disincline the EU from criticising far more unpleasant things China does to its' citizens and near neighbours.
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