No BRI without European participation — China needs the EU’s money to expand and complete the project
Horia Curtin, 2017, A PIVOT TO EUROPE: CHINA’S BELT-AND-ROAD BALANCING ACT, http://ier.gov.ro/wp-content/uploads/publicatii/Final_Policy-Brief-5_Horia-Ciurtin-A-Pivot-to-Europe_web.pdf, Mr Horia Ciurtin is a legal adviser in the field of international investment law and international arbitration; Managing Editor of the EFILA Blog which appears under the auspices of the European Federation for Investment Law and Arbitration (Brussels). He is also an Expert for New Strategy Center (Bucharest), a prominent Romanian think-tank in the field of strategy and international relations. In 2017, he co-founded DAVA | Strategic Analysis, a think-tank providing indepth strategic, cultural and geo-economic analyses.
However impressive the sums might appear at a first glance, they fall short of the needed amount. The first stages of developing the Belt-and-Road require no less than $3 trillion (according to some accounts, even more). And this is a task that China – despite its constant growth and increasing economic power – cannot accomplish alone.36 It really needs co-interested parties. And that is where the European Union (with its unbearable economic force) comes into the