China and Europe: What Was It? The Rise and Crumbling of the ‘16+1’ Format

... is not high [ 4 ]. As for investment, although within the framework of the format in 2014 a $10 billion line of credit was opened to CEE, and China launched two phases of the Investment Cooperation Fund, in 2014 and 2018. When compared with Chinese investments in large EU countries, these figures are not excessive. Cumulative Chinese FDI exceeds 1% of the total only in the economies of Hungary, Romania and Slovenia [ 5 ]. As for the BRI projects, the most consistently implemented is the development of the Greek port of Piraeus and the construction of the Budapest-Belgrade railway. Significantly,...