Institutional Perspective and Political Economic Analysis of Chinese Economic Engagement in CEE1 within the EU Framework
2019
After the profound international political and economic change followed by financial
crisis, the global power has shifted gradually from the West to the East. The rise of global
protectionism, unilateralism and nationalism led by the US is constantly challenging the
existing international systems. As a new rising power, China has made proactive efforts to
exert its role in the international arena, and has started to show its ambitions in international relations with the “Belt and Road Initiative” in 2013, aiming to build the connectivity
between China and Europe, two great players in global economy.
In 2012, China took the initiative to establish the economic cooperation with Central and
Eastern European (CEE) countries under “16+1” framework, as a sub-strategy of Belt
and Road Initiative, which provoked a heated debate among Europe. The co-existence of
economic interests and political concerns from China’s engagement in CEECs lead to the
different responses from the EU member states. The questions remain that what are the
responses from the EU institutions and its implications for the further China’s economic
cooperation with the CEE.
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