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

Xieshu Wang (), Joel Ruet () and Xavier Richer ()
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Xieshu Wang: Centre d'Economie de l'Université de Paris Nord (CEPN)
Joel Ruet: Centre d'Economie de l'Université de Paris Nord (CEPN)
Xavier Richer: University Sorbonne Nouvelle

No 2017-04, CEPN Working Papers from Centre d'Economie de l'Université de Paris Nord

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)
JEL-codes: F02 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2017-03
New Economics Papers: this item is included in nep-eur and nep-tre
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