? Will Europe Estrange China For US?
Though the Asian giant is critical to European economic health, the political narrative is a sign of a shift in the wind
Europe and China have been major partners for a generation. According to the Global Office of the International Comparison Program at the World Bank, China and the European Union (EU) jointly account for nearly 35% of global GDP in PPP terms. Europe championed Chinas case for World Trade Organization (WTO) membership and China supported the European Project. A single example is sufficient to demonstrate how critical China is for European prosperity. Between 1995 and 2012, Germany, Europes economic powerhouse, enhanced its industrial value by 37%, the largest chunk of which came from supply chains not in the United States but in China.
Behind the presumption
Therefore, when on June 9, Josep Borrell Fontelles, the European Unions High Representative for Foreign Affairs and Security Policy, publicly proclaimed that China is without doubt one of the key global players. We have to engage with China to achieve our global objectives, based on interests and values, a logical assumption might be that there is unlikely to be any change in the Europe-China relationship after the pandemic. Such a superficial impression is reinforced by European statements that they will not choose sides between the United States and China. Yet any such presumption bears closer examination.
https://www.thehindu.com/opinion/lead/the-sum-and-substance-of-the-eus-china-dilemma/article32060289.ece
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? Will Europe Estrange China For US? Though the Asian giant is critical to European economic health, the political narrative is a sign of a shift in the wind Europe and China have been major partners for a generation. According to the Global Office of the International Comparison Program at the World Bank, China and the European Union (EU) jointly account for nearly 35% of global GDP in PPP terms. Europe championed Chinas case for World Trade Organization (WTO) membership and China supported the European Project. A single example is sufficient to demonstrate how critical China is for European prosperity. Between 1995 and 2012, Germany, Europes economic powerhouse, enhanced its industrial value by 37%, the largest chunk of which came from supply chains not in the United States but in China. Behind the presumption Therefore, when on June 9, Josep Borrell Fontelles, the European Unions High Representative for Foreign Affairs and Security Policy, publicly proclaimed that China is without doubt one of the key global players. We have to engage with China to achieve our global objectives, based on interests and values, a logical assumption might be that there is unlikely to be any change in the Europe-China relationship after the pandemic. Such a superficial impression is reinforced by European statements that they will not choose sides between the United States and China. Yet any such presumption bears closer examination. https://www.thehindu.com/opinion/lead/the-sum-and-substance-of-the-eus-china-dilemma/article32060289.ece
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