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New Trends In Eu’S Economic Relations With China

Author

Listed:
  • Chen Xin

    (Institute of European Studies, Chinese Academy of Social Sciences. JianNei Da Jie 5, 100732, Beijing, China)

Abstract

EU’s economic relations with China in 2012 may be sum up in 4 points. Firstly, EU tried to seek Chinese support in order to facilitate the efforts of stabilizing the market confidence and gain some time for seeking solutions for the European Sovereign Debt Crisis. Secondly, EU tried to expand exports to China, but the effects of its measures are limited. Thirdly, EU strengthened the market defence actions to protect European market, which led to harsh trade disputes between EU and China. Fourthly, EU accelerated the implementation of Global FTA Strategy with the aim to promote exports and to set up new standards in world trade, which could weaken the Chinese competitive advantages. EU’s actions could be understood as a kind of pragmatism, and the contradictions of the actions exposed the lack of vision on its strategy for China and its vague position on EU-China Comprehensive Strategic Partnership. There is an urgency on behalf of the EU to clarify its strategic position toward China, otherwise it would be harmed the continuity of the EU-China Comprehensive Strategic Partnership.

Suggested Citation

  • Chen Xin, 2013. "New Trends In Eu’S Economic Relations With China," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 1(1), pages 11-18, May.
    • Handle: RePEc:ntu:ntugeo:vol1-iss1-13-011
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    File URL: http://www.globeco.ro/wpcontent/uploads/vol/split/vol_1_no_1/geo_2013_vol1_art_002.pdf
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    Citations

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    Cited by:

    1. Chen Xin, 2014. "China-EU Trade and Economic Relations (2003-2013)," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 2(1), pages 41-55, May.

    More about this item

    Keywords

    EU-China Economic Relationship; EU-China trade disputes; EU FTA; EU-China Comprehensive Strategic Partnership;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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