The port town of Sines in southern Portugal will be home to a new lithium battery plant built by Chinese manufacturer CALB.
Photographer: Goncalo Fonseca/Bloomberg
Portugal’s Dueling Parties Both Want More Chinese Investments
Incumbent PSD and opposition Socialists face off on Sunday in a tight election race
Europe’s biggest economies have grown increasingly wary of Chinese investments, fearful of becoming too reliant on Beijing in critical industries like automaking.
Not in Portugal, where the two political parties vying to lead the government are rolling out the welcome mat.