Bruegel First Glance: Why the European Union-China summit is bound to disappoint
Alicia Garcia Herrero
Bruegel Senior Fellow Alicia García-Herrero lays out the main reasons for why the EU-China summit is bound to disappoint Europeans who hope that it will help improving the trade relations between the two actors. Among these reasons are (1) the decision for the EU to file an anti-subsidy investigation with the World Trade Organisation against EVs produced in China and exported to the EU, (2) the underwhelming performance of the Chinese economy, and (3) the fact that China interpreted the 15 November Biden-Xi summit as a success in stabilising relations with the US.
None of these factors are providing China with incentives to engage in positive dialogue with EU on rebalancing the trade relations that have increasingly turned in China’s favor.
About authors
Alicia Garcia Herrero
Chief Economist for Asia Pacific at Natixis, Senior Fellow at Bruegel, Non-resident Senior Follow at the East Asian Institute, Adjunct Professor at the Hong Kong University of Science and Technology
Economist specialized in monetary and financial issues in emerging markets, banking crises and resolution strategies, financial development