China boosts investment in Central and Eastern Europe
At the third summit of Central and Eastern Europe (CEE), held in Belgrade on 16 and 17 December, China announced new funds and ventures with the region, stressing that the cooperation will be in line with European standards. EurActiv Serbia reports.
Some see the strengthening of cooperation between China and Central and Eastern European countries as the making of a new Silk Road, while others believe it is a way for the Chinese to further their presence in the greater EU market.
From the perspective of countries of the CEE, what should be enabled first with one of the worlds leading economies is investment, which is necessary at a time of economic difficulty, in infrastructure and energy projects.
Analysts, however, point out that it is questionable how profitable those projects are, given that they are carried out by Chinese companies with Chinese loans, although the loans are favorable.
http://www.euractiv.com/sections/europes-east/china-boosts-investment-central-and-eastern-europe-310997