One Belt One Road and the reconfiguration of China-EU relations

Xieshu Wang (), Joel Ruet () and Xavier Richet ()
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Xieshu Wang: CEPN - Centre d'Economie de l'Université Paris Nord - UP13 - Université Paris 13 - USPC - Université Sorbonne Paris Cité - CNRS - Centre National de la Recherche Scientifique
Joel Ruet: CEPN - Centre d'Economie de l'Université Paris Nord - UP13 - Université Paris 13 - USPC - Université Sorbonne Paris Cité - CNRS - Centre National de la Recherche Scientifique
Xavier Richet: ICEE - ICEE - Intégration et Coopération dans l'Espace Européen - Etudes Européennes - EA 2291 - Université Sorbonne Nouvelle - Paris 3

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Abstract: The context of EU-China relations has dramatically changed over the past five years. China's interest in Europe has expanded geographically and substantially. At the broader diplomatic and strategic level, the OBOR initiative has come to symbolize China's growing significance in international affairs, reshaping regional dynamics. The European Commission and the Chinese government have agreed to enhance synergies in connectivity platforms. However, new investment trends and trade relations with China are highly differentiated across Europe and across sectors. The lack of a clearly defined OBOR plan in most European countries is weakening their bargaining power. In the meantime, China is following its flexible foreign policy approach when dealing with the EU. So far, the OBOR projects in Europe are mainly focusing on transport and infrastructure in Central, Eastern and Southern Europe. We are witnessing the reconfiguration of international institutions and the emergence of a more multi-polar global order.

Keywords: One Belt One Road; connectivity; infrastructure; investment; governance (search for similar items in EconPapers)
Date: 2017-03
New Economics Papers: this item is included in nep-cna, nep-int and nep-tre
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