In China’s mind, most roads—and belts—leads to the world’s largest and richest market .China insisted to share the growth, development and network and work on more corporeal projects with EU but the European Commission’s Vice President Jyrki Katainen had a different view over this matter.In his speech at Beijing, he said that before any trade off between Europe and China they should adhere to a number of principles which includes market rules, international standards , etc. The sore point is steel: China’s huge production capacity has threatened the industrial base the European Commission considers essential for jobs, growth, and competitiveness.
China taking the advantage tries to steadily increase their presence in Eastern Europe and Central Europe. In 2012 it created a platform where the Chinese prime minister meet with the leaders of 16 countries including EU members as well as non-EU members.This helped China to build some close relations with some Eastern European Countries .
China’s top state-owned enterprises is a high-speed railway line between Belgrade, and Budapest. A member of the EU is under investigation for possible violation of public tender in relation to project.
Almost 51% of the port authority is controlled by China Ocean Shipping Company(COSCO and will be able acquire further 16% by 2021.The idea is quite simple:The development of Suez Canal and Maritime Silk Road will help China to reach Mediterranean sea and they will use Piraeus as a platform for Chinese goods and companies.
In 2016, Chinese foreign direct investments increases by 77% from previous year i.e almost 35 millions euros. While some of the eastern and Southern Europeans states has a different perception about china, hence the determination to protect the sensitive information and technologies that could affect the Europe’s long- term security.
Despite several years of negotiations, there is no mutual investment accord and European companies have found it increasingly difficult to do business with China. There has been no unified EU policy towards BRI even after the EU chamber of commerce expressed their dissatisfaction about the difficulties foreign firms encounter. Many EU countries and cities have been sensitive to Chinese investors. Others have been more cautious, seeking guarantees from China that it will follow international standards and not pursue exclusively its geostrategic interests.
region in future decades. It is not clear what level of control China’s “partners” will have. For the past few years, China has demonstrated its ability to divide Europeans by creating new entities such as the 16+1 mechanism for instance, Albania and Montenegro have voiced interest in participating in the future Adriatic-Baltic-Black Sea Seaport Cooperation, initiated by the 16+1 framework and by encouraging EU members to join the Beijing-run Asian Infrastructure Investment Bank (AIIB). But it is still too early to analyse the impact of these investments on the local economies given that the majority of projects has not yet been completed. At a later stage, the effect may have to be measured in qualitative rather than in quantitative terms.
But at the day, Europe and China have similar aims that is preserving jobs,fueling economic growth and maintaining social stability. They may not achieve these goals in the same ways.