TALLINN - Globalization is changing direction, as east-west investments have started to flow westwards. In addition to showing an interest in buying Scandinavian giants such as Volvo, China has also eyed Estonia’s businesses. China is internationalizing; Chinese companies are starting to conduct more cross-border activities. China has the biggest foreign currency reserves in the world, amounting to over 1.3 trillion euros, which partly explains this internationalization. China also struggles with excessive supply, having therefore to search for new channels for marketing their good...
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