The European Chamber describes the role of European business in China’s Belt and Road Initiative (BRI), suggests ways the initiative can become more inclusive, and recommends areas where the EU can both complement the BRI and develop its own connectivity strategy into a credible alternative.
This new report by the Rhodium Group and Mercator Institute for China Studies takes stock of Europe’s toolkit for responding to market distortions spilling over from growing Chinese investment and other commercial linkages with Europe.
The signing of an MoU during a March 22-24 by Chinese president Xi Jinping has made Italy the first G7 nation to join China’s sprawling Belt and Road Initiative, but Rome will be wise to devote sustained long-term resources to the negotiation, implementation, and follow-up of whatever comes out of these memoranda to avoid the mistakes of other BRI partners.
China’s Belt and Road (BRI) has taken a beating, but its central feature of big infrastructure projects will remain recognizable for years to come.
Italy is now the first of the G7 group of industrialized nations to endorse China’s Belt and Road Initiative, but what does this mean? James Kynge, the FT’s global China editor, looks at the main implications, citing data collected by the Reconnecting Asia Project.