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French sovereign wealth chief warns Europe ‘colonized’ by U.S., China

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). The head of France’s state investment bank …

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