
Since industrial giants from China and the US are becoming dominant players in certain sectors of global and EU markets, 19 EU governments proposed revising the EU’s antitrust rules with the aim to support and facilitate the emergence of so-called “European champions” to make the EU competitive vis-à-vis major world economies.
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China tries to find itself in the chaotic era of energy transition.
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In 2013 Chinese Government unveiled an ambitious plan to revive the Silk Road, connecting Asia and Europe, through a colossal infrastructure network. The 900$bn plan will affect more than 65 countries – representing around 30% of world’s GDP and almost 65% of world’s population.
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Do China and the European Union have what it takes to remodel the global order? At least this is what some energy commentators were asking themselves upon the signing of deeper cooperation on fighting climate change.
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The success of common EU and China climate ambitions will, to a large degree, depend on overcoming persistent disagreement in the fields of trade and investment.
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Whilst Free Trade Agreements cause protests around the globe, the debates surrounding China´s WTO accession have largely escaped public turmoil – remarkably so. Hovering in a depoliticized, neutral jargon, technocrats have successfully reframed the latter into a matter of economic criteria, minimizing their divided political views. Europe however should speak one voice, one that is not misguided by the utopia of extreme globalization, yet aware of the political and social stakes that remain.
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