Open AccessCHINA’S ECONOMIC DIPLOMACY IN EUROPE: THE “17+1” INITIATIVE AND IMPLICATIONS FOR NATO’S EASTERN FLANK SECURITY
Author(s) -
Tudor Cherhaţ
Publication year - 2021
Publication title -
strategic impact
Language(s) - English
Resource type - Journals
eISSN - 1842-9904
pISSN - 1841-5784
DOI - 10.53477/1841-5784-21-01
Subject(s) - china , alliance , beijing , diplomacy , vision , political science , politics , position (finance) , state (computer science) , economic diplomacy , european union , international relations , economy , order (exchange) , political economy , international trade , sociology , law , economics , finance , algorithm , anthropology , computer science
This paper illustrates how People’s Republic of China has applied a form of economic diplomacy to Central and Eastern Europe in order to extend its regional political influence. Using the “17+1” Initiative, the Chinese state sought to provide financial privileges to member states so that they would later become dependent on Beijing’s political and economic visions. However, despite the European Union’s concern, the results of the project were not as expected, with great doubts about the initiative’s future. These were confirmed by the position of NATO, which considered that China’s efforts do not represent a security issue for the Alliance’s eastern flank.