Chapters authored
Comparison of the Bilateral Trade Flows of the Visegrad Countries with China
China’s economic miracle resulted in the fact that it is currently one of the largest economy and exporter in the world. Other states try to develop trade and investment relations with China because they see a big potential for their products in the Chinese market with an increasing middle-income group. This chapter is focused on the trade relations that are carried out among some Member States of the European Union and China. The object of the chapter is to show the main facts and trends in the foreign trade of the Visegrad countries with China and to compare their trade structure in the period 1995–2014. The description of the institutional framework of the trade relations among the listed countries and the analysis of the data about their bilateral trade showed that the V4 countries achieved a negative trade balance with China in the previous period, and the possibility to change it is practically very low because of the low level of their trade complementarity. From this aspect, another form of trade relations will apparently have to be developed, although the economic structure and other factors can play an important role in this case.
Part of the book: Proceedings of the 2nd Czech-China Scientific Conference 2016