China’s ‘New Silk Road’ brings great promise to eastern Europe / China’s investment in influence: the future of 16+1 cooperation

From roads in Montenegro to industrial parks in Poland, China has become one of the biggest investors in eastern and southeastern Europe. The Beijing-led '16+1' initiative promises to boost cooperation with the region.

Further information

The 16+1 format is an initiative by the People’s Republic of China aimed at intensifying and expanding cooperation with 11 EU Member States and 5 Balkan countries (Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia, Macedonia) in the fields of investments, transport, finance, science, education, and culture. In the framework of the initiative, China has defined three potential priority areas for economic cooperation: infrastructure, high technologies, and green technologies.

• Primary Source

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