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China-EU Leadership in Globalisation: Ambition and capacity

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  • Hu, Weinian
  • Pelkmans, Jacques

Abstract

This CEPS Policy Insight attempts to offer a first verification of whether China and the EU are ready to exercise leadership in global trade and investment, not only in words but also in deeds that would underpin credibility for the world trading and investor community. A distinction is drawn between the ambition to exercise such leadership and the effective capacity to do so. The EU’s capacity to lead is not at issue, but, as is shown, it does face a few difficulties. The paper analyses China’s effective leadership capacity based on aspects of its energetic FTA strategy, investment protection agreements, the progress of its domestic market-oriented reforms (required for economic openness) and its record in negotiating the WTO plurilaterals. Some reflections on a possible joint leadership of the EU and China are offered in the conclusion.

Suggested Citation

  • Hu, Weinian & Pelkmans, Jacques, 2017. "China-EU Leadership in Globalisation: Ambition and capacity," CEPS Papers 12585, Centre for European Policy Studies.
    • Handle: RePEc:eps:cepswp:12585
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    File URL: https://www.ceps.eu/system/files/PI2017-18_WHandJP_China-EULeadership.pdf
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    References listed on IDEAS

    as
    1. Metivier, Jeanne & Di Salvo, Mattia & Pelkmans, Jacques, 2017. "Transatlantic Divergences in Globalisation and the China Factor," CEPS Papers 12584, Centre for European Policy Studies.
    2. Bekkers, Eddy & Francois, Joseph & Tomberger, Patrick, 2016. "Tomorrow’s Silk Road: Assessing an EU-China Free Trade Agreement," Papers 974, World Trade Institute.
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    Cited by:

    1. Metivier, Jeanne & Di Salvo, Mattia & Pelkmans, Jacques, 2017. "Transatlantic Divergences in Globalisation and the China Factor," CEPS Papers 12584, Centre for European Policy Studies.
    2. Meckling, Jonas & Nahm, Jonas, 2019. "The politics of technology bans: Industrial policy competition and green goals for the auto industry," Energy Policy, Elsevier, vol. 126(C), pages 470-479.

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    1. repec:wsr:pbrief:y:2017:i:033 is not listed on IDEAS
    2. Metivier, Jeanne & Di Salvo, Mattia & Pelkmans, Jacques, 2017. "Transatlantic Divergences in Globalisation and the China Factor," CEPS Papers 12584, Centre for European Policy Studies.

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