Croatian tourist pearl, Dubrovnik, hosted the 9th 16+1 summit of the Central and Southeast European (CSE) countries and China. The idea was born after the first Economic-Trade Forum in 2011 in Budapest.
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In the first three quarters of 2018, CSE’s combined exports to China totaled USD17.6bn, a record high and up by over 20 per cent y/y. But the region has been racking up a large trade deficit with the Asian nation.
Against the background of deteriorating relations between the United States and China, the European Union's strong economic ties with the two countries pose a serious dilemma.
Recently international financial institution have not lend a lot of funds to Belarus. Chine sees it as a possibility and part of the One Belt One Road strategy.
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Estonia became the next country to sign up to the Chinese One Belt One Road Initiative. Meanwhile, Rail Baltica’s troubles continue amid criticism and possible future competition from the Amber Train project.
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The strategic partnership with Poland signed almost two years ago was supposed to revive mutual economic relations, and open up the Chinese market for Polish exports. The effect has been the opposite so far.