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Research Report

EU-China Co-operation in Global Governance:: Going Beyond the Conceptual Gap

Ujvari Balazs ed.
Copyright Date: Apr. 1, 2017
Published by: Egmont Institute
Pages: 32
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Table of Contents

  1. (pp. 2-4)
    Balazs Ujvari

    The European Union (EU) and China are both central actors in international affairs, collectively accounting for almost 40% (in current market prices) of the world’s gross domestic product (GDP).¹ While addressing the key global challenges of the 21st century increasingly requires an entente between these two actors, their relationship is often plagued by conflicting interests. Whether or not the EU will grant market economy status to China still looms largely in the trade relations of the two; the EU is still yet to lift its arms embargo on China; and they also differ in climate action responsibilities, to name a...

  2. (pp. 5-10)
    Yang Hai

    For several decades, developed countries have been the leading players in international development, offering annually billions-worth assistance to developing countries with the stated moral objective of assisting in their social and economic development. However, the growing importance of ‘new kids on the block’, most notably China with its substantial financial weight and expanding global engagement, has brought to the fore the divergent perspectives and approaches between emerging and traditional donors. More recently, the Chinese government under the leadership of Xi Jinping has undertaken a series of high-profile actions focusing on developing physical infrastructure and improving regional connectivity, such as the...

  3. (pp. 11-16)
    Jing Huang

    Free trade has played a key role in underpinning globalisation in the past decades. Both the European Union (EU) and China, the two largest trading entities in the world, have developed vested interests in furthering international trade liberalization efforts.¹ In view of the deadlocked Doha Development Round (DDR), China has joined the global trend of negotiating free trade agreements in bi- and plurilateral fashion. Despite Beijing’s involvement with free trade agreements (FTA), the country retains an interest in the further liberalization of trade in non-agricultural products through the World Trade Organisation (WTO). The EU, along with its continued support for...

  4. (pp. 17-22)
    Hefei Bai and Hongyu Wang

    Climate change is becoming one of – if not – the most acute global issues whose effective solution requires an unprecedented level of international co-operation. Amongst the direct consequences are rising sea levels and inter-state conflicts over increasingly scarce water resources, which risks generating refugee flows across borders or internally within countries.¹ The EU and China are both key actors in global climate politics given their present economic weight and pollution record. Europe as the pioneer of industrial revolution had once accounted for 90% of the planet’s emission, whereas China now is the only country with an annual emission of...

  5. (pp. 23-27)
    Zhen Feng

    The global economic crisis, erupting in the United States in 2008, has raised doubts about the efficiency of the current dollar-led international monetary system. Several years later, the United States overcame the crisis by implementing a policy of quantitative easing, low interest rates and relying on the leading position of the US dollar in the global financial markets. As a result, the US dollar has kept its competitiveness and prevalence in the world economy. In contrast to Washington’s prompt crisis recovery, the European Union (EU) is still sinking in the morass of the debt crisis while China has seen its...

  6. (pp. 28-29)
    Ujvari Balazs

    At a time when the United States is giving signs of losing faith in multilateral cooperation and Chinese President Xi Jinping defends openness and globalisation (as was the case at the World Economic Forum in Davos in January 2017), the prospects for overcoming China’s and the EU’s conceptual differences on global governance appears to stand a greater chance than ever. With a view to generating some pointers as to how this could be done most effectively, this Egmont Paper has drawn on the contribution of four Chinese experts on EU-China relations. The conclusion that has emerged is threefold.

    First, it...