Central and Eastern Europe Countries in View of Chinese Economic Expansion
Keywords:
Central and Eastern Europe, China, One Belt, One Road, 16 1Abstract
China is recently becoming one of the most important players in the world economy. The rapid economic growth causes numerous changes in domestic issues and international PRC’s activity. One of the most important fields of Chinese overseas operations are foreign direct investment, which grew significantly in last few years. Central and Eastern Europe (CEE) is a rather new area of Chinese international expansion. In this paper the selection of CEE countries is made in accordance with the 16+1 cooperation platform. It involves the post-communist countries: Estonia, Latvia, Lithuania, Poland, The Czech Republic, Slovakia, Hungary, Romania, Slovenia, Croatia, Serbia, Bosnia and Herzegovina, Montenegro, Bulgaria, Macedonia, Albania. Since 2011, there is an increasing political cooperation between China and sixteen CEE countries. It is annually realized on meetings of the representatives of every member of the platform. There is also a new concept created by Chinese authorities called “One Belt, One Road” which may influence this cooperation. This paper aims to examine the spatial diversification of bilateral relations between China and individual CEE states. It takes into account mainly the trade balance and Chinese monetary inflow in particular post-communist countries. The research shows that the trade relations are on the highest level in Poland and Czech Republic. The biggest investments were located in Hungary. It can be also seen that the Balkan countries signed a lot of infrastructural contracts which may be the consequences of the realization of “One Belt, One Road” strategy.
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