WARSAW — An American, a German, and a Chinese gentleman walk into a bar in Prague. The first two order a beer, and the bartender then turns to the Chinese man to ask, “What can I get you?” He simply replies, “The accounts please, I own the place."

The joke is not entirely removed from reality. The Belt and Road Initiative, or BRI – an economic agenda billed as the Silk Road reincarnated – is putting meat on the bones of Chinese interaction with Central and Eastern Europe. BRI investments play a role in the increased priority attached to the “16+1” – a political format that brings China and the region together. The sixth meeting of heads of states of the Central and Eastern Europe countries and China in Hungary has revealed four faces of Chinese activity in the region: connector, shaper, investor and challenger.