Cooperation Formats of China and Europe: Synergies and Divergences

Abstract

This contribution articulates the synergies and divergences of the various formats of cooperation between China and the European countries. The EU and China have a strong interest in each other's flagship initiatives, namely the Investment Plan for Europe, and the One Belt, One Road Initiative (Silk Road Economic Belt and 21st-Century Maritime Silk Road). The authors argue that there are certain synergies between these initiatives. Furthermore, the new initiative EU-China Connectivity Platform is aimed to explore these synergies. The authors explore the recent developments in the EU-China investments, trade cooperation and the challenges of the ever-growing CEEC-China partnership in different formats, including the new platform of 16+1. The authors examine these implications in relation to the need to expand and adapt the content and approach of the EU-China Bilateral Investment agreement. The article concludes that the CEEC-China relation does not go against the EU; moreover, neither the CEE countries nor China have any motivation to try to weaken the EU.