Chinese investment in CEE.
At a meeting in Budapest in late November, Chinese Premier Li Keqiang and 16 Central-East Europe (CEE) leaders agreed plans for 3 billion dollars of Chinese investment in the region. This and the event itself were symbolic of Chinese economic ambitions in CEE, part of Beijing’s Belt and Road Initiative (BRI).
Far smaller in volume, Chinese investment may appear to balance out EU funds, allowing more political wriggle room for CEE leaders.
Chinese investment will directly challenge Russia’s economic influence, allowing CEE countries more foreign policy latitude.
Chinese investment is likely to help sustain oligarchic power structures across the region.
Competition for Chinese investments will further erode solidarity, especially in the Visegrad group.
