SUPERPOWERS
China courts eastern Europe after key EU summit
By Lajla VESELICA
Dubrovnik, Croatia (AFP) April 12, 2019

Chinese Premier Li Keqiang will meet leaders from eastern and central Europe in Croatia on Friday to talk business, fresh from a key summit with EU where he pledged opening up his country's economy.

The coastal city of Dubrovnik is hosting the eighth annual "16+1 cooperation" -- an economic platform for Beijing's investments in 11 eastern European Union states and five Western Balkan countries.

The grouping has been eyed cautiously in western European capitals as an attempt to "divide and rule" the bloc, a goal Li has denied.

In an article published in Croatian dailies ahead of the gathering, the Chinese premier tried to paint the summit in a cheery light:

"When we put 17 multicolour countries together we get a colour richer than a rainbow," he wrote in the article titled "Multicolour countries, spacious future".

"If we build a rainbow bridge through Asia and Europe, we will achieve a nice future cooperation."

Eastern Europe is a core component of Beijing's vast "Belt and Road" project, valued at up to $1 trillion and aimed at constructing land and sea links to allow Chinese exports to flow westward.

China has previously announced a $10 billion credit line and $3 billion investment fund for the 16-country region.

So far its record on follow-through is mixed, with some major construction projects under way while other promised investments have been delayed or scrapped.

For instance, building on one of 16+1's flag-ship projects -- a railway from Belgrade to Budapest -- has just started in Serbia but is held up by snags in Hungary, ultimately making scant progress five years after it was announced.

- 'Pilot project' -

This year's summit comes just three days after a top EU-China meeting, attended by Li, held as Brussels demands more balanced economic ties with a country it recently labelled as a "systemic rival".

In Brussels on Tuesday the Asian giant pledged to push further to open its economy and deepen ties with the bloc.

EU Council president Donald Tusk hailed Beijing's new commitments as a "breakthrough" with both sides committed to globalisation and pursuing international rules.

Brussels and Beijing in a document called for "broader and more facilitated, non-discriminatory market access," in wording the Europeans saw as a Chinese concession.

The EU is increasingly unhappy that markets in Europe are wide open to Chinese companies, while the equivalent is not the case in China.

While the EU's 15-trillion-euro ($16.9 trillion) market gives it significant economic clout, the bloc struggles to maintain unity among its 28 members on issues of foreign policy, allowing China to pursue one-on-one deals with individual countries.

Some EU powers, such as France and Germany, are growing increasingly concerned with China's Belt and Road ambitions, especially after populist-led Italy recently became the first G7 member to join the scheme.

In 2018, China was the second largest destination for European exports.

The Chinese trade balance is largely in surplus with the bloc at 184 billion euros, according to Brussels figures.

During the first visit of a Chinese premier to Croatia, Li on Thursday visited the site where a Chinese firm started construction on a 280-million-euro bridge on the Adriatic coast.

It is the first significant Chinese project in Croatia and funded by the EU.

"This bridge is a pilot project for both '16+1 cooperation' and cooperation between China and EU," Li said while visiting the bridge's site on Thursday.

About 1,000 businessmen including some 400 Chinese will participate at a business forum held alongside the summit in Dubrovnik.


Related Links
Learn about the Superpowers of the 21st Century at SpaceWar.com
Learn about nuclear weapons doctrine and defense at SpaceWar.com

SUPERPOWERS
US warship cruises disputed sea in Philippine war games
Manila (AFP) April 11, 2019
A US warship laden with hi-tech fighter planes took centre stage at key war games in the Philippines Thursday, brandishing military might as fresh tensions bubble in the contentious South China Sea. The amphibious assault ship USS Wasp, with at least 10 F-35B stealth jets on deck, stood guard as amphibious tanks rolled onto a Philippine beach located a short sail from islands also claimed by China. The vessel was in the area for long-running US-Philippine military drills, which come as Manila pu ... read more

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

SUPERPOWERS
Erdogan says Russian S-400s delivery could be earlier

State Dept. approves $1.1B sale of SM-3 anti-ballistic missiles to Japan

Lockheed awarded $1.1B for rocket sales to Poland, Bahrain, Romania

US successfully tests anti-ICBM system: statement

SUPERPOWERS
Putin and Erdogan discuss S-400 missile deal

Erdogan says Russia missile deal to go ahead after US suspension

Turkish FM says no turning back from Russia arms deal

Turkey rejects US pressure over Russian missile deal

SUPERPOWERS
A short first hop for 'drone taxi' in Vienna

Skyborg Program Seeks Industry Input For Artificial Intelligence Initiative

The drones have landed and they're here to help

Russian Cosmonauts to Experiment With Propeller-Driven Drone on ISS - Roscosmos

SUPERPOWERS
US Army selects Hughes for cooperative effort to upgrades NextGen Friendly Forces System

United Launch Alliance launches WGS-10 satellite for USAF

United Launch Alliance set to launch WGS-10 for US Air Force

Raytheon awarded $406M for Army aircraft radio system

SUPERPOWERS
Marines' Abrams tanks successfully perform with 3D-printed impellers

DARPA Launches Social Media Platform to Accelerate R and D

Special Ops Command contracts Barrett for new sniper rifles

Oshkosh awarded $23.5M Army contract to refurbish tactical trucks

SUPERPOWERS
Pentagon wants more resources to counter Russia, China threats

German army rebuked for 'disrespectful' Ford, VW ad

Pro-gun Bolsonaro fires up foreign hopes for Brazil defense market

Stick to defence spending pledge, NATO chief tells Germany

SUPERPOWERS
Protesters warn of Chinese 'invasion' of Philippines

Dalai Lama taken to New Delhi hospital for chest pain

China meddling claims hit Australian govt before vote

'Cured' Dalai Lama set to be discharged from hospital Friday

SUPERPOWERS
AD alloyed nanoantennas for temperature-feedback identification of viruses and explosives

Quantum optical cooling of nanoparticles

Researchers report new light-activated micro pump

Defects help nanomaterial soak up more pollutant in less time