In recent years Europe has become a primary focus for Chinese investment. In the context of the rolling out of Chinese government plans such as its Belt and Road Initiative and 'Made in China 2025' industrial strategy, and the fact that many Chinese companies are either controlled or influenced by the Communist Party, major consequences for Europe's economic development -and its social, political and geopolitical corollaries -are now in train. The analyses presented in this special issue significantly advance our understanding of the dynamics and consequences of China's deepening economic engagements in Europe. They do so particularly in relation to the contentious issues surrounding corporate acquisitions by Chinese companies, the security problems associated with some investments and the impact of China's investment finance. This introductory article offers an institutional framework for comprehending the other articles that constitute the special issue and provides summaries of their contents. Additionally, it provides an assessment of how the special issue's contribution advances our understanding of China's externalization and its implications for European economic development.1. The concept of global externalization (GE) adds analytical precision to the popularized notion of 'globalization'. It does so by disaggregating the economic logics of capitalism (associated with capitalism's universal core: profit-making and related activities) from its socio-political logics (associated with the dominant national form of capitalism in a given historical period). The latter are variable and condition the way the former, the economic logics, are applied as the dominant national capitalism (represented by its business corporations, etc.) moves transnationally. GE thus offers an explanation for why different globally dominant national forms of capitalism (e.g. Britain in the 19th century, the United States post-1945, perhaps China in the near future) tend to produce different outcomes (economic, social, political) when they articulate, via investment, etc., with the forms of capitalism