China invites the EU to a joint endeavor for free trade and order in the world

Li Keqiang, the Chinese Prime Minister (on the right) received in Beijing Federica Mogherini, High Representative of the European Union for Foreign Affairs. Date: 18/04/2017. Location: Beijing – Zhongnanhai. © European Union, 2017/Source: EC – Audiovisual Service / Photo: Olli Geibel.

The European Union and China are to hold a summit this June, which is expected to shape their joint answer to the American protectionist and other threats. Last weekend, those threats prevented the Spring Meeting of the IMF to renew its commitment to free trade. The US Treasury Secretary Steven Mnuchin alone blocked it. Before him, President Donald Trump himself has openly accused China and Germany, the countries which run the largest trade surpluses with the US, of having purposely devalued their moneys in order to penetrate the American markets.

Last month, Trump, while hosting the German Chancellor Angela Merkel, didn’t hesitate in public to ask her to pay compensations of hundreds of billions to NATO and the US, for having been cheating on her defense spending obligations. It’s not clear if ten days ago Trump has said something equally offensive in private to his other guest the Chinese President Xi Jinping, because even Trump wouldn’t dare offend Xi in public. As it turned out though, Trump didn’t hesitate to offer Xi a hideous exchange, involving China’s help to punish North Korea’s leader Kim Jong-un, in return for US…clemency in the field of trade. Trump thought that China would…shiver before his protectionist treat and thus succumb to the American demands. The opposite is true, China has sidesteppet the Trump threats and clarified that if Washington imposes new import tariffs, Beijing will do the same.

EU-China Summit

If all those American insults remain unanswered during June’s EU-China Summit in Brussels, then the two giants would have thrown in the towel, without even having fought a round. Surely, there is plenty to sour the relations between the EU and China, the two largest trading partners. Still, they are obliged to articulate a reaction to the American impertinency; otherwise there will be no end to Washington’s aggressiveness.

In order to look to this crucial matter, the top European Diplomat, Federica Mogherini, the high representative of the EU for Foreign Affairs and Security Policy, traveled last week to Beijing and met with her Chinese counterpart State Councilor Yang Jiechi. The meeting was in the context of the Seventh EU-China Strategic Dialogue, but it was consumed by the latest developments, related to the US aggression, concerning both free trade and North Korea.

The North Korean factor

The latest American hostilities against Pyongyang are surely related to trade issues, since Trump himself hideously interconnected these two issues. However, the American challenge with a concentration of armaments and a war armada in and around the Korean peninsula was effectively met by armed forces movements in this region by both China and Russia. As a result, it seems that the US has lowered the rhetoric against North Korea, after realizing that the other guys have guns too.

In such a hot geopolitical environment, the visit of Mongherini to Beijing was turned into an opportunity for EU and China, to reassure the whole world that the American challenges will not remain unanswered. On Tuesday 18 April, the EU high Representative met Prime Minister Li Keqiang . Both of them didn’t miss this opportunity to shape a joint Chino-European response to the US aggressiveness. Actually, Keqiang felt obliged to say “that the international community was looking at how China and the EU would work together to tackle challenges”. No need to explain what those challenges are.

Joint efforts

In short, this was an open invitation to the EU to join China in defending the way the world has been functioning during the last decades. The Chinese Premier concluded that he was confident Europe understands the challenges, so their bilateral talks will focus on “a stable China-EU relationship, with the consistency of our two sides toward multilateralism and free trade, and with our joint commitment to improving the international governance structure.” Again, no need to elaborate which ‘international governance structure’ he meant. Evidently, it’s the Americans who defy the global order.

Mongherini reminded her interlocutor that the Chinese President Xi Jinping has recently delivered a speech proclaiming China the champion of free trade, stability and criticizing protectionism. Then, she said that Xi with this speech “raised high expectations that China and the European Union can work together on multilateralism, on rules-based global order and trade”. She then added,”Not only our people, but probably the multilateral system, need Europe and China to work together on some of the major global issues”.

Feeling obliged

No need to underline here that both the EU and China seem to have very well understood, that the whole world expects the two economic super powers to stand up to the American belligerence. The fact that China is also a military super power may deepen the relations of the two, because the EU is practically unarmed. Of course, the EU doesn’t stand in the world as a military power, but rather as a peaceful and honest trader. The military potential of its member states is almost fully disconnected from Brussels.

In short, the Mongherini visit to Beijing last week has opened the way for the June EU-China summit to effectively counter the American aggression. It may also reassure the entire world that the complex global economic and political relations is not a ‘toy’ for just one country, even the most powerful one, to reshape according to her own interests and presumptions.

 

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

EU countries invested €5 trillion abroad

In dreams and in love there are no impossibilities

Italy’s rescue operation Mare Nostrum shuts down with no real replacement. EU’s Triton instead might put lives at risk

Lost in translation

Draghi: A bridge from Brussels to Berlin

Is Europe misjudging its abilities to endure more austerity and unemployment?

Regional policies slowed down by EU bureaucracy

Facts and prejudices about work

European Youth calls on European Council for urgent action on “humanitarian crisis” and questions the EU/Turkey deal respect of human rights

ITU Telecom World 2016: it’s all about working together

The US bugged Europe: Is this news?

What changes in the EU as from today

Digital business is Europe’s best hope to get back to growth

250 days until the European Parliament elections

The way to entrepreneurship in the developing world

Facebook wins EU approval for WhatsApp acquisition; just a sign of the times

“Hasta la vista” Google says to Spain and now Europe is next?

Youth unemployment: No light at the end of the tunnel

The three sins the EU committed in 2015

Imaginary Journeys Into Eternal China

European Investment Bank to borrow €70 billion in 2013

More bank bailouts at taxpayers’ expenses

The European Sting at the Retail Forum for Sustainability live from Barcelona

10 months were not enough for the EU to save the environment but 2 days are

My twin from Guangzhou

Medical Doctors in Industry 4.0: pure science fiction

A sterilised EMU may lead to a break up of Eurozone

An American duel in Brussels: Salesforce against Microsoft over Linkedin deal

COP21 Breaking News_05 December: Children Will Bear the Brunt of Climate Change: UNICEF

France: New labour laws for more competitiveness

EU Commission: The banks are not obliged to finance the real economy

Commission to decide on bank resolution issues

Memoirs from a unique trip to China: “my new old dragon” (Part I)

The EU learns about fishing and banking from tiny Iceland

Medicine in the 4th Industrial Revolution: the third entity of the new doctor-patient relationship

Cédric in India

EU Council: The US airlines may freely pollute the European air

The EU Parliament sidesteps the real issues about banks, while the US target the Eurozone lenders

Galileo funding: A ‘small’ difference of €700 million

Resolving banks with depositors’ money?

European Business Summit 2015: In search of a vision for the future

Commission’s action against imports from China questioned

Who is to pay the dearest price in a global slowdown?

Why youth unemployment is so difficult to counter

IMAGINATION, FACTS AND OPPORTUNITIES – THE UNLIMITED POWER OF CHINA

Eurozone: Economic sentiment-business climate to collapse without support from exports

“If the job market doesn’t exist, then even the most brilliant Youth Guarantee cannot ensure a job to these young people”, European Youth Forum Secretary General Giuseppe Porcaro on another Sting Exclusive

It’s a week dedicated to all EU budgets; seven days that can make or break the Union

Merkel, Mercedes and Volkswagen to abolish European democracy

Three countries losing ground and one new prime minister

Time to be welcome: Youth work and integration of young refugees

JADE Testimonial #3: Sebastian @ Fundraising

The EU tells the bare truth to the UK that there is no such thing as easy divorces

The Eurogroup protects Germany and blames others

The IMF sees Brexit’s ‘substantial impact’ while the world’s economy holds its breath

Education and Training: where do we stand in 2014?

ECB bets billions on Eurozone’s economic recovery

“Be aware where you put your I Agree signature on and something else”; now Facebook by default opts you in an unseen private data bazar

Europe rethinking its severe austerity policies

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s