CHINA’S ECONOMIC DIPLOMACY IN EUROPE: THE “17+1” INITIATIVE AND IMPLICATIONS FOR NATO’S EASTERN FLANK SECURITY

Abstract

This paper illustrates how People’s Republic of China has applied a form of economic diplomacy to Central and Eastern Europe in order to extend its regional political influence. Using the “17+1” Initiative, the Chinese state sought to provide financial privileges to member states so that they would later become dependent on Beijing’s political and economic visions. However, despite the European Union’s concern, the results of the project were not as expected, with great doubts about the initiative’s future. These were confirmed by the position of NATO, which considered that China’s efforts do not represent a security issue for the Alliance’s eastern flank.