A recent study by the European Chamber in China, The Road Less Travelled: European Involvement in China’s Belt and Road Initiative, argues that there is less European involvement than the BRI engagement of Switzerland, other European countries and institutions may suggest. European businesses have played a minor role in the BRI so far. While some opportunities have emerged, the report argues that these do not compensate for the fact that China’s state-owned enterprises (SOEs) distort the global BRI competition. With BRI, not only international companies operating in China are affected, but also third country market competitions along BRI routes.
To what extent are European businesses and countries really involved in BRI-related projects? Is there a unified approach beginning to emerge from geographical Europe? How can BRI be reformed into a multilateral development initiative that is open and transparent? What sort of mechanisms are needed to guarantee an open market?
Jörg Wuttke, President of the European Chamber of Commerce in China, urges Europe to determine how to respond to China’s work model. Join the conversation of Jörg Wuttke with Markus Herrmann of Sinolytics, to find out more about possible ways forward. This webcast is open to the public.
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