Why is China Investing in the Balkans? – VisualPolitik’s guess is no better than yours or mine

“Why is China Investing in the Balkans?” (VisualPolitik EN, 26 March 2018)

VisualPolitik EN is a Youtube channel that posts short video clips on geopolitical and economic topics with a narrow and particular focus. These topics are delivered in a slickly knowing and smug manner by presenter Simon Whistler who at least presents well visually. The topic under his gimlet eye (made even more so by his glasses and his closeness to the camera) is exploring why China is investing in the Balkans region.

The narration starts off on the wrong foot by observing that the various small Balkan countries have one thing in common: they apparently all hate one another. Some also have other things in common: political corruption, large public debt, high levels of unemployment and growing poverty. From this starting point, and with a supercilious air, Whistler plunges into this particular deep end of Europe. Enter China whose politicians and business community seemingly believe they can solve the problems of this southeastern European region by buying ports in a bankrupt, debt-ridden Greece and upgrading their infrastructure, and in the long term incorporate these ports and Greece into China’s grand Silk Road Economic Belt which will encompass central and eastern Europe, central Asia, China itself and littoral areas around the Indian Ocean. Serbia is also keen on Chinese investment and Chinese companies (both private and state) have been busy inking contracts with the Serbians, acquiring industrial assets and opening branches and factories.

While the presentation is smooth and features clippings of videos and newspaper articles splashed across the screen, it doesn’t answer the question it asks. Sure there is reference to China’s Silk Road Economic Belt and the potential benefits economic integration into the Chinese trading sphere could deliver to Greece and Serbia – but why do Greece and Serbia get preferential treatment from the Chinese, why aren’t other countries in the Balkans also clambering aboard the Beijing-led express? Why indeed have Greece and Serbia turned to Beijing and away from Brussels in the hope of saving their economies? What is the EU doing wrong in those two countries that the Greeks and Serbians hope China can correct? TheĀ  video fails to give adequate answers to these questions that viewers might be asking from watching and listening.