IDEAS home Printed from https://ideas.repec.org/a/vrs/bjeust/v3y2013i3p13-36n2.html
   My bibliography  Save this article

Challenging the EU’s Economic Roles? The Impact of the Eurozone Crisis on EU Images in China

Author

Listed:
  • Lai Suet-Yi

    (National Centre for Research on Europe University of Canterbury Kirkwood Village KD04, Christchurch, New Zealand)

  • Zhang Li

    (School of Political, Social and International Studies University of East Anglia Norwich Research Park, Norwich NR4 7TJ, UK)

Abstract

Since the outbreak of the 2008/2009 global financial crisis, the economic balance between the traditional developed economies and the emerging ones has changed drastically, including that between the European Union and China. While the EU and its Member States are preoccupied by the eurozone debt crisis, stagnant economic growth and high domestic unemployment, China raised as the world’s second largest economy and one of the quickest growing consumer market. This paper explores the change in perception of the EU as an economic actor in the eyes of Chinese mainstream news media and national elites under such context. It argues that the strategic partnership could improve only if the two sides understand the mutual perception clearly. It is found that China has increased its leverage for bargaining vis-à-vis the EU as well as the capacity to give some help to the EU. Although the image of the EU as an economic powerhouse has been slightly weakened, it did not turn the heavily trade-oriented EU-China relations more comprehensive.

Suggested Citation

  • Lai Suet-Yi & Zhang Li, 2013. "Challenging the EU’s Economic Roles? The Impact of the Eurozone Crisis on EU Images in China," TalTech Journal of European Studies, Sciendo, vol. 3(3), pages 13-36, December.
    • Handle: RePEc:vrs:bjeust:v:3:y:2013:i:3:p:13-36:n:2
    DOI: 10.2478/bjes-2013-0019
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/bjes-2013-0019
    Download Restriction: no
    File URL: https://libkey.io/10.2478/bjes-2013-0019?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Wendt, Alexander, 1992. "Anarchy is what states make of it: the social construction of power politics," International Organization, Cambridge University Press, vol. 46(2), pages 391-425, April.
    2. Yu-Wei Hu, 2010. "Management of China's foreign exchange reserves: a case study on the state administration of foreign," European Economy - Economic Papers 2008 - 2015 421, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Li Zhang, 2016. "‘Reflexive Expectations’ in EU–China Relations: A Media Analysis Approach," Journal of Common Market Studies, Wiley Blackwell, vol. 54(2), pages 463-479, March.
    2. Steininger, Lea & Hesse, Casimir, 2024. "Buying into new ideas: The ECB’s evolving justification of unlimited liquidity," Department of Economics Working Paper Series 357, WU Vienna University of Economics and Business.
    3. Harald Schoen, 2008. "Identity, Instrumental Self-Interest and Institutional Evaluations," European Union Politics, , vol. 9(1), pages 5-29, March.
    4. Sandberg, Kristin Ingstad & Andresen, Steinar & Bjune, Gunnar, 2010. "A new approach to global health institutions? A case study of new vaccine introduction and the formation of the GAVI Alliance," Social Science & Medicine, Elsevier, vol. 71(7), pages 1349-1356, October.
    5. Falk Hendrik Laser & Jan Weidner, 2022. "Currency Compositions of International Reserves and the Euro Crisis," Open Economies Review, Springer, vol. 33(5), pages 917-944, November.
    6. Anna YAMCHUK, 2014. "The EU-UN cooperation for maintaining international peace and security," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 5, pages 113-129, June.
    7. Nuria Calvo & Flora Calvo, 2018. "Corporate social responsibility and multiple agency theory: A case study of internal stakeholder engagement," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(6), pages 1223-1230, November.
    8. Daniel Berliner & Aseem Prakash, 2012. "From norms to programs: The United Nations Global Compact and global governance," Regulation & Governance, John Wiley & Sons, vol. 6(2), pages 149-166, June.
    9. Lea Steininger & Casimir Hesse, 2024. "Buying into new ideas: The ECB’s evolving justification of unlimited liquidity," Department of Economics Working Papers wuwp357, Vienna University of Economics and Business, Department of Economics.
    10. Loewen, Howard, 2006. "Towards a Dynamic Model of the Interplay Between International Institutions," GIGA Working Papers 17, GIGA German Institute of Global and Area Studies.
    11. Petar Vujanovic, 2011. "Understanding the Recent Surge in the Accumulation of International Reserves," OECD Economics Department Working Papers 866, OECD Publishing.
    12. Flemes, Daniel & Wojczewski, Thorsten, 2010. "Contested Leadership in International Relations: Power Politics in South America, South Asia and Sub-Saharan Africa," GIGA Working Papers 121, GIGA German Institute of Global and Area Studies.
    13. Shadrack Kipkoech Sitienei, 2023. "Challenges Facing Kenya-United States America Partnership Counterterrorism in Kenya," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(7), pages 804-819, July.
    14. Shenkar Oded & Arikan Ilgaz, 2010. "Business as International Politics: Drawing Insights from Nation-State to Inter-Firm Alliances," Business and Politics, De Gruyter, vol. 11(4), pages 1-33, January.
    15. Choi Eun-Mi, 2010. "Memory Politics and International Relations in East Asia," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 13(2), pages 63-79, June.
    16. Mark Beeson & Jolanta Hewitt, 2022. "Does Multilateralism still Matter? ASEAN and the Arctic Council in Comparative Perspective," Global Policy, London School of Economics and Political Science, vol. 13(2), pages 208-218, May.
    17. Dong-Joon Jo & Erik Gartzke, 2007. "Determinants of Nuclear Weapons Proliferation," Journal of Conflict Resolution, Peace Science Society (International), vol. 51(1), pages 167-194, February.
    18. Boryslav Brekhov, 2016. "Demokratischer Wirtschaftsfrieden," Potsdam Economic Papers 05, Universität Potsdam, Wirtschafts- und Sozialwissenschaftliche Fakultät.
    19. Maria BUDEANU, 2024. "Westphalian order in pan-Arabism culture societies," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(639), S), pages 37-44, Summer.
    20. Lauri Siitonen, 2022. "A normative power or fortress Europe? Normative policy coherence between the European Unionʼs development, migration, and foreign policies," Development Policy Review, Overseas Development Institute, vol. 40(S1), June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:bjeust:v:3:y:2013:i:3:p:13-36:n:2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.