Central and Eastern Europe faces a tough balancing act as it looks toward China for investment and growth. Launched first in 2012, the “16+1” Cooperation Framework includes 16 countries in Central, Eastern, and Southeastern Europe. As a key part of the Chinese transcontinental economic and geopolitical vision, the heavily invested “16+1” becomes a perfect solution to some Central and Eastern Europe countries facing economic crisis. This closer tie with China, however, has made EU rattled. How to balance the relationship with EU and China becomes a head-scratching problem for many.
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