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Romania, Strategic Partner in China-CEE Relations

Author

Listed:
  • SARMIZA PENCEA

    (Institute for World Economy (IWE), Romanian Academy, Calea 13 Septembrie, no. 13, District 5, Bucharest, ROMANIA)

  • IULIA MONICA OEHLER-ŞINCAI

    (Institute for World Economy (IWE), Romanian Academy, Calea 13 Septembrie, no. 13, District 5, Bucharest, ROMANIA)

Abstract

Romania and China have established diplomatic relations 65 years ago and have a long track of fruitful economic, technologic, scientific and cultural exchanges and cooperation experiences all along this time lapse. During the last few decades they both have undergone major transformations, having, on the one hand, their economic fundamentals substantially changed, and, on the other hand, facing a new international environment, in which their positioning, relations, alliances and integration into the world economy are substantially different. The present paper looks at this bilateral relationship against the backdrop of both the new 16+1 platform and the larger EU-China relations, trying to identify the comparative advantages, complementarities and commonalities which could create the premises for a new, reinforced China-Romania trade and investment relationship. The focus lays on analyzing the bilateral trade, both in terms of volumes and structure, as well as on dissecting the Chinese investment presence in Romania as compared to that in other CEE countries, leading to the conclusion that there is a lot of untapped potential, but also a favourable context to change this state of facts.

Suggested Citation

  • Sarmiza Pencea & Iulia Monica Oehler-Şincai, 2015. "Romania, Strategic Partner in China-CEE Relations," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 3(1), pages 44-55, May.
    • Handle: RePEc:ntu:ntugeo:vol3-iss1-15-044
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    File URL: http://www.globeco.ro/wp-content/uploads/vol/split/vol_3_no_1/geo_2015_vol3_no1_art_005.pdf
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    References listed on IDEAS

    as
    1. Sarmiza Pencea & Iulia Monica Oehler-Şincai, 2014. "Chinese Outward Direct Investment In Central And Eastern European Countries. A Romanian Perspective," Romanian Economic Business Review, Romanian-American University, vol. 9(2), pages 45-72, June.
    2. Sarmiza Pencea & Iulia Monica Oehler-Sincai, 2014. "Chinese Outward Direct Investment in Central and Eastern European Countries: a Comparative Analysis," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(2), pages 34-43, June.
    3. Sarmiza Pencea & Iulia Monica Oehler-ªincai, 2013. "New Insights into the Trade Relationship between China and Romania," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(3), pages 102-106, September.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Loredana Jitaru & Spiridon Pralea, 2016. "EU-China Trade Partnership: Strategic Importance of Central and Eastern European Members," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 37-41, February.

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    More about this item

    Keywords

    16+1 platform; China-CEE; China-Romania; China-Romania trade; Chinese investments in Romania.;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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