French sovereign wealth chief warns Europe ‘colonized’ by U.S., China
Key Points
- Nicolas Dufourcq, the head of France’s state investment bank Bpifrance, warned that Europe is becoming “doubly colonized” by Chinese industry and U.S. tech.
- “It’s not in the future; the consequences are now,” he warned an audience at private capital conference IPEM.
- Bpifrance manages assets worth around 100 billion euros ($117 billion).
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