China’s Belt and Road initiative and its impact on the Eurasian Economic Union
Bibliographic entry
Jintao, Yang. China’s Belt and Road initiative and its impact on the Eurasian Economic Union / Yang Jintao // Материалы форума «Развитие интернационализации и экономической интеграции в новых реалиях» в рамках 19-го Международного научного семинара «Мировая экономика и бизнес-администрирование» : XXI Международная научно-техническая конференция «Наука – образованию, производству, экономике», Республика Беларусь, Минск, 23-24 марта 2023 г. / Белорусский национальный технический университет. – Минск : Четыре четверти, 2023. – С. 85-87.
Abstract
This article examines the impact of China’s Belt and Road Initiative (BRI) on the Eurasian Economic Union (EAEU), with a focus on trade and investment. Using data on foreign direct investment (FDI) and trade flows between China and the EAEU member states from 2012 to 2021, the study finds a fluctuating and overall downward trend in FDI, but an overall upward trend in trade volume. The findings suggest that while there are significant opportunities for cooperation between China and the EAEU, careful management is required to minimize risks and maximize benefits for all parties involved. The study underscores the importance of collaboration in advancing regional economic integration and sustainable development of EAEU region.