Europe map with countries and capitals: Scandinavia, Baltic Set to Become China’s Newest Playground

The attraction varies from country to country. In Sweden, China invested $3.6 billion in the first six months of 2018 — Beijing’s second-biggest investment destination in Europe in that period was the U.K. ($1.6 billion). Swedish infrastructure and logistics firms, some experts believe, could gain if the country were to also sign on to the BRI, as it would open up opportunities for them along the project’s long route. “Both the [Swedish] government and the business community need to engage more actively with the BRI,” wrote Mikael Weissmann, a senior research fellow at the Swedish Institute of International Affairs, in a December 2017 academic paper. For Norway, China’s not just a growing source of investment but also a lucrative country to invest in, using its $1 trillion sovereign wealth fund — which needs markets where that money can grow.

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