China controls 24.37 percent of EDP, Portugal’s primary energy provider, through the state group Guoxin International Investment and China Three Gorges. The state group Guoxin International’s investment rose from 2 percent in November 2015 to 3.02 percent in December in an acquisition that cost it €110m. The Chinese State has invested around €3bn in EDP. The China Three Gorges Group earned €576m in dividends in four years. This works out to a return of 2.7 percent annual return on its investment.
