Past Event

How to keep a competitive environment while engaging with non market economies?

How can we ensure fair competition between European firms and Chinese state-backed players?

Date: November 19, 2020, 1:00 pm Topic: Digital economy and innovation

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.

Schedule

Nov 19, 2020

13:00-13:05

Welcome

Guntram B. Wolff, Director

13:05-14:00

Session 1: Chinese SOEs and the European single market

Chair: Julia Anderson, Research Analyst

Helge Berger, Assistant Director, Asia and Pacific Department, IMF

Alicia García-Herrero, Senior Fellow

Cian Ruane, Economist, IMF

Hylke Vandenbussche, Professor and Head of international economics, University of Leuven

14:00-14:15

Break

14:15-15:45

Session 2: Identifying solutions

Chair: Georgios Petropoulos, Non-resident Fellow

Michiel Boots, Chief Economist, The Minister of Economic Affairs and Climate Policy, The Netherlands

Carles Esteva Mosso, Deputy Director-General, European Commission, DG COMP

Frédéric Jenny, Chairman of the OECD Competition Committee

15:45

End

Speakers

Julia Anderson

Research Analyst

Helge Berger

Assistant Director, Asia and Pacific Department, IMF

Michiel Boots

Chief Economist, The Minister of Economic Affairs and Climate Policy, The Netherlands

Alicia García-Herrero

Senior Fellow

Carles Esteva Mosso

Deputy Director-General, European Commission, DG COMP

Frédéric Jenny

Chairman of the OECD Competition Committee

Georgios Petropoulos

Non-resident Fellow

Cian Ruane

Economist, IMF

Hylke Vandenbussche

Professor and Head of international economics, University of Leuven

Guntram B. Wolff

Director

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevon

[email protected]

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