Title: Eight Potential Roadblocks to Smooth EU-China Economic Relations
Abstract: For about two decades, economic relations between the European Union and China developed impressively and, putting aside episodic sectoral tension, without causing major dispute. For the European Union, China has become the first source of imports and the fourth largest export market (behind the United States, Switzerland, and Russia). Likewise, for China, the European Union has become the second source of imports (behind Japan) and the second largest export market (behind the United States). Although EU-China bilateral trade has been permanently imbalanced in favor of China, the situation did not raise significant concerns among European policymakers until recently. European foreign direct investment (FDI) to China has also developed substantially over the last decade to reach some €6 billon in 2005, and the European Union has become one of China’s most important investment partners. The smooth development of EU-China relations contrasts with the emotional, generally politicized, and sometimes tense character of US-China relations. In fact, those relations have only recently become a matter of
Publication Year: 2008
Publication Date: 2008-01-01
Language: en
Type: preprint
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