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Mapping China’s Belt and Road Initiative in Europe: Developments and Challenges

Author

Listed:
  • Sara Casagrande

    (Department of Economics and Management, University of Trento, 38122 Trento, Italy)

  • Bruno Dallago

    (Department of Economics and Management, University of Trento, 38122 Trento, Italy)

Abstract

Launched in 2013, China’s Belt and Road Initiative (BRI) was originally devised to link East Asia and Europe through a network of physical and digital infrastructure. This article analyses the BRI’s development in the European context by offering a comparative analysis of 727 BRI and BRI-like projects within 46 European countries from 2005 to 2021. The analysis considers projects’ location, typology, status, and the main enterprises involved in each project. According to our results, there is a “two-speed Europe”. Indeed, while the vast majority of projects are included in the Digital Silk Road (e.g., telecommunication, transfer technology, data centre, 5G, fintech) and are located in North-Western Europe, traditional investments in infrastructure (e.g., ports, roads, railways, SEZ) are concentrated in South-Eastern Europe and the Balkan countries. While North-Western Europe is particularly concerned about cyber security and data protection issues, various South-Eastern European countries look favorably upon the development opportunities offered by the BRI. The BRI is clearly different from the Western approach to development (based on competition and economic liberalism) and integration (based on treaties). The BRI approach—including its platform, leveraging political flexibility, economic pragmatism, ability to mobilize resources, and ability to create synergies between state and business—could take advantage of the flaws of the European integration process. The BRI, with its strengths as well as weaknesses, represents an opportunity for the EU to understand the need for greater economic and political foresight, social cohesion, and economic flexibility to meet the development needs of its member countries. China, too, can draw inspiration from cooperating with EU countries on how to improve the reception of its investment initiatives by focusing on reciprocity, security guarantees, and protection of rights and the environment.

Suggested Citation

  • Sara Casagrande & Bruno Dallago, 2025. "Mapping China’s Belt and Road Initiative in Europe: Developments and Challenges," Economies, MDPI, vol. 13(10), pages 1-27, October.
  • Handle: RePEc:gam:jecomi:v:13:y:2025:i:10:p:301-:d:1774751
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    References listed on IDEAS

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    1. Eichengreen, Barry, 1993. "European Monetary Unification," Journal of Economic Literature, American Economic Association, vol. 31(3), pages 1321-1357, September.
    2. Jie Yu, 2018. "The belt and road initiative: domestic interests, bureaucratic politics and the EU-China relations," Asia Europe Journal, Springer, vol. 16(3), pages 223-236, September.
    3. Maximo Camacho & Angela Caro & German Lopez-Buenache, 2020. "The two-speed Europe in business cycle synchronization," Empirical Economics, Springer, vol. 59(3), pages 1069-1084, September.
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