China formed economic alliances with European nations?
Yes, China has formed economic alliances with European nations. One notable example is the Belt and Road Initiative (BRI), which is an ambitious infrastructure project aimed at connecting China with Europe and other regions through land and maritime routes. Over 20 European countries, including Italy, Greece, Hungary, and Portugal, have signed agreements with China to participate in the initiative, promoting trade, investment, and infrastructure development.
Additionally, China has established various bilateral investment and trade agreements with individual European countries. For instance, China has a Comprehensive Strategic Partnership with Germany, the largest economy in the European Union, and has signed numerous cooperative agreements with countries like the United Kingdom, France, and Spain. These alliances aim to enhance economic cooperation, facilitate trade, and attract Chinese investment into Europe.