CHAPTER 5: Global Implications of the “B&R” Initiative and Its Impact on the EU Economy

The following sections are included:

• China as an Essential Partner in Global Governance

  • The Weight of the B&R Initiative in Rebalancing the World Economy

  • Overcoming Obstacles

  • China — A New Type of Rising Power?

  • The Importance of the B&R Initiative for the EU: Introduction

• The B&R Initiative is Reshaping the Relationship with the EU

  • The European Fund for Strategic Investments (EFSI) and Its Relation with the B&R Initiative

    • Non-EU Countries’ Participation

    • China’s Involvement in the EU Investment Plan

    • Concrete Possibility for EU–China Collaboration on Infrastructure Financing

    • Latest Update on the Cooperation between the EU and China on the Investment Plan for Europe

  • Some More Details About the Investment Plan for Europe

    • Investment Plan: Finding Investment Opportunities

    • First Steps for Investors, and Opportunities for Potential Beneficiaries

  • China Uses Investment Plan for Europe to Boost Involvement in the EU

    • Project Selection Set to Start: Brief Overview

    • EIF (part of the EIB) Transactions Under EFSI

  • EIB Group Cooperation with China to be Strengthened with new €500 Million Silk Road Fund Equity Investment Initiative

    • Differentiated Interests of China

    • The New Fund Likely to Be Supportive to Both the Investment Plan for Europe and Projects Connected to the B&R

  • EU–China Partnership Moving Forward: Other Outcomes of the Brussels Summit

    • Climate Action

    • Improving Business Relations and the Investment Environment

    • Competition Policy

    • Energy Cooperation

    • Connectivity (Projects Connected to the B&R Initiative)

    • Customs

    • Trade and Agriculture

    • Research and Innovation

    • Tourism

    • Maritime Affairs

• How China’s B&R Initiative Impacts on the EU

  • State-of-the-Art of the Ongoing Negotiation between China and the EU on the New Bilateral Investment Agreement

  • EU’s Reservation About China

    • How China Is Overcoming the Situation: The “16+1 Mechanism” (Brief Introduction)

    • Infrastructure Projects

  • Building a Part of Europe’s Vision in the Communication Networks: Some Resistances

• The B&R Initiative and the Accelerated Internationalization of the Chinese Yuan

  • Internationalization of the Chinese Currency: A Corollary of China’s Financial Power

  • The B&R Initiative Facilitates Financial Integration with Countries Along the Silk Road

  • China’s Efforts to Establish the Renminbi as an International Currency Will Take Time