Saturday, January 29, 2011

Europe Divided Over China Arms Sales



Britain is on a collision course with the European Union over the sale of arms toChina. Since the Beijing government crackdown on protestors in Tiananmen Square in 1989, EU member states have been banned from selling goods that could be used by the Chinese military.
China’s new J-20 stealth fighter roars along the runway and takes to the skies, the maiden test-flight of a plane designed to rival the United States’ radar-eluding aircraft.
Images of the flight, leaked on the Internet and subsequently confirmed as genuine by the Beijing government, have focused attention on China’s military modernization.
The European Union banned the sale of military technology to China following the crackdown on dissidents in Beijing’s Tiananmen Square in 1989.
But Alexander Neill of analyst group the Royal United Services Institute says China’s growing financial influence in Europe is starting to tell.
"EU member states certainly feel pressured by China given the economic contagion, which seems to be spreading through the EU at the moment,” Neill said. “Many national leaders, I am sure, will think twice about how they engage the Chinese on investment, which is essentially bailing them out of elements of their economic doldrums."
Beijing has just signed a series of multi-billion-dollar deals with European companies. China says it is also prepared to buy up to $7.9 billion of Spanish government debt at a time of heightened fears over the future of the euro currency.

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