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The Outlook of the Economic Cooperation between China and Poland

Author

Listed:
  • Iulia Monica Oehler-Sincai
  • Alina Ligia Dumitrescu

Abstract

After China and Poland lifted their ties to a strategic partnership in 2011, and in April 2012, the inaugural summit of the 16+1 platform took place in Warsaw, the bilateral relations entered a new phase. In June 2016, the two partners upgraded their relations to a comprehensive strategic partnership during Chinese President Xi Jinping’s state visit to Poland. Against the backdrop of the Polish elites’ ambition that their country should gain a more prominent role at the regional and even global level, a pragmatic attitude towards China gradually emerged, which created the favourable premises for strengthening bilateral relations. That explained the adoption by Poland of an ?open door? policy towards China, but taking into account the asymmetries between the two countries in terms of size of their markets, territory, population, as well as the supply and demand capacities. The objectives of this paper are threefold. First, it emphasizes the economic, political and geopolitical arguments on both sides to strengthen the bilateral cooperation. Second, it underscores Poland’s economic advantages as compared to the other CEE countries and consequently its attractiveness for Chinese investors. Third it stresses several challenges for the Polish-Chinese strategic partnership, taking into account that very high expectations in 2011-2012 were not materialized and consequently the expectations are gradually diminishing. The paper concludes on an optimistic note that the strategic partnership is still relevant for both sides, as Chinese and Polish development strategies are complementary.

Suggested Citation

  • Iulia Monica Oehler-Sincai & Alina Ligia Dumitrescu, 2018. "The Outlook of the Economic Cooperation between China and Poland," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(3), pages 209-217, September.
  • Handle: RePEc:khe:scajes:v:4:y:2018:i:3:p:209-217
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    References listed on IDEAS

    as
    1. Jeremy Garlick, 2015. "China's Trade with Central and Eastern European EU Members: an Analysis of Eurostat Data, 2004-2014," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2015(4), pages 3-22.
    2. Alina Ligia Dumitrescu & Lucia Iordache, 2015. "Poland's Performance in Building a Sustainable Market Economy," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 7(2).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Sino-Polish strategic partnership; 16+1; Belt and Road initiative (BRI); regional development; Central and Eastern Europe (CEE);
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F15 - International Economics - - Trade - - - Economic Integration
    • F19 - International Economics - - Trade - - - Other
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F29 - International Economics - - International Factor Movements and International Business - - - Other
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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