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China’s Belt and Road initiative- can Europe expect trade gains?

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  • Alicia García-Herrero
  • Jianwei Xu

Abstract

The Belt and Road initiative, recently embarked on by China, aims to improve cross-border infrastructure in order to reduce transportation costs across a massive geographical area between China and Europe. The authors estimate how much trade might be created among Belt and Road countries as a consequence of the reduction in transportation costs (both railway and maritime) and find that European Union countries, especially landlocked countries, should benefit considerably. This...

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  • Alicia García-Herrero & Jianwei Xu, 2016. "China’s Belt and Road initiative- can Europe expect trade gains?," Working Papers 16296, Bruegel.
    • Handle: RePEc:bre:wpaper:16296
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