Date published: Jan 2018
SUERF Policy Note, Issue No 25
by Stephan Baristitz and Alice Radzyner, Oesterreichische Nationalbank
JEL-codes: F15, F34, R12, R42.
Keywords: New Silk Road, One Belt, One Road, connectivity, trade infrastructure, economic corridors, regional policy, Southeastern Europe (SEE), China, EU-China relations, China-EU relations, China-EU trade, EU-China trade, EU candidate countries.
Through the New Silk Road (NSR) initiative, China increasingly invests in building and modernizing overland and maritime infrastructures with a view to enhancing the overall connectivity between China and Europe. The NSR runs through a number of Eurasian emerging markets and extends out to Southeastern Europe (SEE), where Chinese investments include the modernization of ports and highspeed rail and road projects to speed up the transport of goods between China and Europe. Given the non-negligible economic weight of Chinese investments in SEE economies, the participation in the NSR will probably stimulate SEE’s economic expansion and may even contribute to overcoming its traditional peripheral position in Europe. Ideally, SEE will play a role in catalyzing a deepening of China-EU economic relations. In the long run, these developments might also influence the EU’s political and economic positioning on a global scale.
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