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Different cases, different faces: Chinese investment in Central and Eastern Europe

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  • Wade Jacoby

Abstract

Chinese investment in Central and Eastern Europe (CEE) is booming. As China’s investment pattern has emerged so far, it appears to have little to do with Chinese firms’ preferences for liberal policy regimes, tolerance for corruption, or reliance on communist-era networks. This article documents the current size and shape of Chinese firms’ efforts to internationalize in this economic space, demonstrating an important difference between Chinese investment behavior in CEE and in the EU-15, namely the region’s much more active use of greenfield activity (and lighter use of M&A and strategic alliances). Case studies of each mode (greenfield, M&A, and strategic alliances) reveal little evidence of a “China, Inc.” approach and much evidence that Chinese firms are more motivated by market access than by technology or management assistance. Copyright Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Wade Jacoby, 2014. "Different cases, different faces: Chinese investment in Central and Eastern Europe," Asia Europe Journal, Springer, vol. 12(1), pages 199-214, March.
    • Handle: RePEc:kap:asiaeu:v:12:y:2014:i:1:p:199-214
    DOI: 10.1007/s10308-014-0380-z
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    References listed on IDEAS

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    1. Haiyan Zhang & Daniel Bulcke, 2014. "China’s direct investment in the European Union: a new regulatory challenge?," Asia Europe Journal, Springer, vol. 12(1), pages 159-177, March.
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    Cited by:

    1. Andrea Éltet? & Ágnes Szunomár, 2016. "Chinese investment and trade ? strengthening ties with Central and Eastern Europe," International Journal of Business and Management, International Institute of Social and Economic Sciences, vol. 4(1), pages 24-48, February.
    2. Lai Suetyi & Cai Yidong, 2022. "Mapping perception of China in Central and Eastern Europe," Asia Europe Journal, Springer, vol. 20(3), pages 305-327, September.
    3. Sophie Meunier & Brian Burgoon & Wade Jacoby, 2014. "The politics of hosting Chinese investment in Europe—an introduction," Asia Europe Journal, Springer, vol. 12(1), pages 109-126, March.
    4. Turcsanyi, Richard Q., 2017. "Central European attitudes towards Chinese energy investments: The cases of Poland, Slovakia, and the Czech Republic," Energy Policy, Elsevier, vol. 101(C), pages 711-722.
    5. Andrea Elteto & Agnes Szunomar, 2015. "Ties of Visegrád countries with East Asia – trade and investment," IWE Working Papers 214, Institute for World Economics - Centre for Economic and Regional Studies.
    6. Gürel, Burak & Kozluca, Mina, 2022. "Chinese investment in Turkey: the Belt and Road Initiative, rising expectations and ground realities," LSE Research Online Documents on Economics 113841, London School of Economics and Political Science, LSE Library.
    7. Cheche Duan & Yicheng Zhou & Dehong Shen & Shengqiao Lin & Wei Gong & József Popp & Judit Oláh, 2021. "The Misunderstanding of China’s Investment, and a Clarification: “Faustian Bargain” or “Good Bargain”? On the OFDI Data of Central and Eastern Europe," Sustainability, MDPI, vol. 13(18), pages 1-25, September.

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