Director and CEO, German Council on Foreign Relations
Assistant Director, Asia and Pacific Department, IMF,
Deputy Director-General, European Commission, DG COMP,
Professor and Head of international economics, University of Leuven,
Chairman of the OECD Competition Committee,
Chief Economist, The Minister of Economic Affairs and Climate Policy, The Netherlands,
State-owned enterprises (SOEs) are key players in the Chinese economy, and increasingly, in the world. Twenty of the 100 largest global firms are now Chinese SOEs, from just a handful in 2008.
European policy-makers are worried about the growing weight of Chinese state-backed players--which includes SOEs as well as mixed-ownership and fully private companies that enjoy preferential treatment. Chinese state support could distort competition in the single market and the current trade policy frameworks provide inadequate protection. The European Commission recently proposed to reinforce its framework (the White Paper on Foreign Subsidies). Can the proposed new rules ensure fair competition between European firms and Chinese state-backed players?
In the first session, panelists will review the latest evidence about the role of Chinese SOEs and discuss the gaps in the existing trade policy frameworks. The second session will focus on solutions. Is the White Paper proposal adequate? Are there better alternatives? What if China retaliates?
This is an invitation-only event, open only to Bruegel members and selected invitees.