Abstract
After introducing the 1978 reforms, China shifted from a centrally-planned to a market-based economy. The success of these economic reforms has been immense, as today China has become a leading player in the world’s economy. In order to achieve the goal of becoming the world’s biggest superpower within the next 30 years, China’s 13th Five Year Plan (2016–2020) increased the government’s focus on innovation, with particular emphasis on infrastructure development. In this article, we have analyzed the impact of China’s “Belt and Road Initiative” on the European Union. China’s investments have a positive impact on the economic growth of the EU member countries, as they provide new jobs, capital and technology. However, more and more countries want to limit China’s ability to buy European companies in sectors of national interest. The challenge is for these measures to ensure control, but do not block the much-needed investments that countries need.
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Popa, C.E., Liang, W. (2018). The Impact of China’s “Belt and Road Initiative” on the European Union. In: Orăștean, R., Ogrean, C., Mărginean, S. (eds) Innovative Business Development—A Global Perspective. IECS 2018. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-01878-8_25
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