It is in everybody's interest for China to level the playing field among state-owned, private, and foreign companies so that no new distortionary measures need to be taken elsewhere.
Despite the pandemic, China’s interest in overseas M&A started to rebound in late 2020, with European industrial companies still of particular interest.
Untangling the politics behind the EU – China Comprehensive Agreement on Investment
Ultimately, only time will tell if this landmark trade agreement will be productive and counter the potential bifurcation of international value chains.
If the three biggest economies agree a carbon tax on imports, it will catalyse climate action globally.
Join us to mark the launch of the eponymous paper co-written with the European Council on Foreign Relations.
The Comprehensive Agreement on Investment (CAI) is supposed to improve market access for European companies operating in China and to ensure a level playing field, as well as reciprocity. Does it fulfil such expectations?
For the moment, it does not look like we have the basis for greater and deeper economic relations with China. However, dismissing China and the opportunities that it creates for global cooperation would also be a mistake.
Why rush a deal that is so inherently complex?
After decades of increasing globalisation, there now seems to be a slowing, or even a turn to deglobalisation, meaning decelerating trade and investment and reduced global value chains. This trend seems to have accelerated because of the United States’ push to contain China in the context of their strategic competition. So far, however, there is less evidence of deglobalisation in terms of financial flows.
A look into the potential Comprehensive Agreement on Investment between China and the European Union.
Time has come for Europe, the US and possibly China to create a global “Climate Club”.