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China to Ramp Up Investment in Central, Eastern Europe

China said on Tuesday it would create a new investment fund of $3 billion (2.4 billion euros) targeting central and eastern Europe, seeking to strengthen its foothold in the region as a door to the wider European Union. China sees central and eastern Europe as a potentially lucrative market and bridgehead to the wider EU, drawn by relatively low wages, educated workforces and scope for development on the fringes of the bloc. Chinese investments in the region usually come in the form of...

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