| ID | 156446 |
| Title Proper | China's Belt and Road Initiative |
| Other Title Information | can Europe expect trade gains? |
| Language | ENG |
| Author | Xu, Jianwei ; Alicia Garcia Herrero and Jianwei Xu ; Herrero, Alicia Garcia |
| Summary / Abstract (Note) | The Belt and Road Initiative (BRI) aims to improve cross-border infrastructure to reduce transportation costs across a massive geographical area between China and Europe. We estimate how much trade might be created among Belt and Road (B&R) countries as a consequence of the reduction in transportation costs (both railway and maritime) and find that European Union countries, especially landlocked countries, will benefit considerably. This is also true for Eastern Europe and Central Asia and, to a lesser extent, South-East Asia. In contrast, if China were to seek to establish a free trade area within the B&R region, EU member states would benefit less, while Asia would infrastructure, is advantageous for Europe as far as trade creation is concerned. |
| `In' analytical Note | China and World Economy Vol. 25, No.6; Nov-Dec 2017: p.84–99 |
| Journal Source | China and World Economy 2017-12 25, 6 |
| Key Words | China ; Infrastructure ; International Economic System ; Belt and Road Initiative |