China-Romania Economic Relations: Recent Developments and Prospects

The world economy is crossing the period of Great Transformations and transition towards a New World Order, dominated by the increasing role of China in the world, given the fast implementation of the technological progress (Digital and Artificial Intelligence Revolutions). This paper analyses the economic relations between China and Romania and estimates the dynamics of the potential GDP in these states by implementing standard econometric tools. The results point to the upward trend in terms of bilateral trade between China-Romania in the post-pandemic era and emphasize the potential of the development in the mid-run.