US follows the EU in impeding China market economy status in WTO

A ship with containers at the port of Rotterdam. (Copyright: European Union. Source: EC - Audiovisual Service. Photo: Robert Meerding)

Trade relations between China and the West may be on the brink of a substantial turn. Last Thursday, the United States have formalized to the World Trade Organization (WTO) its opposition to China’s request to be recognized as a “market economy”. The move, which is strong enough to represent a gamechanger alone, comes amid a […]

The EU Commission vies to screen Chinese investment in Europe

Last week, Jean-Claude Juncker, the head of the powerful European Commission, the executive arm of the European Union, announced a plan to screen foreign investments. The idea is to hold back or even effectively block business acquisitions or other investment plans financed by third country companies, in key sectors allegedly considered to be sensitive from […]

China and UK relations post Brexit as EU addresses Chinese takeovers

Chinese acquisitions of European companies have attracted the attention of the EU’s largest economies, who requested from the Commission to play a more active role on deciding whether these takeovers are ‘politically driven’ or not. The president of the EC, Jean-Claude Juncker, in turn, is expected to announce plans on how to manage foreign investments […]

Trump ‘used’ G20 to side with Putin and split climate and trade packs

While protesters were dynamically trying to reach the part of Hamburg where the G20 leaders of the largest economies of the world were gathered, the most powerful politicians of the globe were reduced to the status of viewers, in the Donald Trump and Vladimir Putin spectacle of rapprochement. Trump also ‘used’ the G20 to tell […]

Europe to turn the Hamburg G20 Summit into a battlefield

This week’s G20 Summit in Hamburg, Germany is expected to become a battlefield from the very first gathering. Chancellor Angela Merkel is to attack the US President Donald Trump, about his rejection of the Paris Climate Agreement. The American will reply with a demand for ‘free and fair trade’ as he ventures it, especially for […]

Human rights in Brussels and in Beijing: a more balanced approach needed

At the last United Nations Human Rights Council meeting, which was held in Geneva earlier this month, Greece shocked the world by objecting a common EU statement regarding the condemnation of  human rights violations in China. EU diplomats were not happy about that as it was the first time that the EU did not agree […]

19th EU-China Summit: A historical advance in the Chino-European rapprochement

Mainstream media and the two EU Presidents (Donald Tusk of the Council and Jean-Claude Juncker of the Commission), during and after last week’s groundbreaking 19th EU-China Summit (1-2 June), focused on the joint and unreserved pledge of Europe and China to wholeheartedly uphold the Paris Climate Agreement. This was a direct reply to Donald Trump’s […]

Q&A on the 19th China-EU Summit to be held on 01-02 June 2017 in Brussels

Endorsed content How do you perceive the China-EU Summit mechanism? What progress has been achieved since the Summit last year? The EU-China Summit mechanism is the highest level political consultation between China and the EU, and it provides an effective platform for the continued development of China-EU relations. Since the first China-EU Summit in 1998, […]

China dazzles the world with her Silk Road plan to connect, Asia, Europe and Africa

More than 30 political leaders and government representatives from 110 countries participate in the Belt and Road Forum China organizes in Beijing on Sunday and Monday 14 and 15 May. The Forum extended an invitation to all the countries of the world, the international organizations and businesses and aspires to be an all inclusive global […]

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

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 […]

Can China deal with climate change without the U.S.?

Last Tuesday U.S. President Donald Trump signed an executive order which rejects most of the climate initiatives of Obama’s administration. The U.S. President seems to keep his pre-election promises on boosting the coal industry and does not support the fight against global warming. However, China, the second largest economy in the world, has revealed that […]

Europe eyes to replace US as China’s prime foreign partner

Last Tuesday, Rex Tillerson, the US Secretary of State, received in Washington the top Chinese diplomat Yang Jiechi , in an effort to establish a “regular high-level engagement” with China, after President Donald Trump has practically destroyed the until recently multiple channels of problem solving and interaction between the two super powers. Obviously, Tillerson felt […]

Davos: Why the global elites couldn’t find answers this year?

Last January, Donald Trump and Boris Johnson were not invited to Davos to present their populist, anti-systemic, anti-establishment, anti-globalization political platforms. Actually, their ‘ideology’ was exorcised from the Swiss Alps and instead, David Cameron was made the star of the three day 2016 meeting. The world’s super rich and powerful applauded his passionate speech about […]

“China will strive to enhance the performance of economic growth”, President Xi highlights from the World Economic Forum 2017 in Davos

The first day of the World Economic Forum (WEF) began with the opening plenary with Xi Jinping yesterday, President of the People’s Republic of China, monopolizing the interest of the global economic status quo convening these days at the Swiss Alps. This was the first time ever a Chinese President accepts the Davos invite and naturally all the […]

Can the EU afford to block China’s business openings to Europe by denying her the ‘market economy status’?

The way Wallonia, Belgium’s French speaking region approved CETA – the comprehensive economic and trade agreement between the EU and Canada – is a rather dark landmark. In the future, Europe’s trade and otherwise relations with foreign countries will be rather shaky. This was also true in the past, but now became evident for everybody […]

EU continues targeting on Chinese steel imports instead of the revival of its own economy

It was last Friday when the European Commission (EC) decided to impose temporary anti-dumping duties on imports of two steel products from China. Particularly, the duties concern hot-rolled flat steel and heavy plates of steel with EC’s investigations to show that Chinese products had been sold at extremely dumped prices. The Commission focuses on finding unfair […]

Are the G20 leaders ready to curb corporate tax-avoidance?

Last Monday, the G20 meeting in Hangzhou – the capital of China’s eastern Zhejiang province – the first gathering of the 20 world leaders to be held in the vast country, was not marked by the determination to face up to economic misery and the pitiless wars in Syria, Libya, South Soudan, Yemen, Mali and […]

The South China Sea Arbitration: Illegal, Illegitimate and Invalid

This article was written for the European Sting by HE Ambassador Yang Yanyi of the Chinese Mission to EU in Brussels. If I have to choose three words to reflect my views of the award of arbitration over the South China Sea disputes unilaterally filed by the Philippines against China, it would be illegal, illegitimate and invalid. […]

An expert in the South China Sea issue on an exclusive interview at the European Sting

Last Wednesday the European Sting took an interview in Brussels from an expert on the South China Sea. Our interviewee this time was Mrs Yan Yan, Deputy Director of the Research Center of Oceans Law and Policy in the National Institute for the South China Sea Studies (NISCSS) and a PhD candidate in the University of Hong Kong on public international law. The stimulating interview is presented below. The Sting’s questions are […]

A Sting Exclusive: “Doing ourselves a favour”, Vice President Dombrovskis underscores that this time growth has to come from within the EU

This article was exclusively written for the European Sting by Mr Valdis Dombrovskis, Vice-President of the European Commission responsible for Euro and Social Dialogue. Last month, the European Commission presented the spring economic package related to the European Semester. It included the annual country-specific policy recommendations to individual member states and the Commission’s latest assessment […]

Some Prevailing Arguments and Perceptions over the South China Sea Issue Are Simply Wrong

This article was written for the Sting by HE Ambassador Yang Yanyi of the Chinese Mission to EU For some time now, the South China Sea issue has attracted much attention and media coverage. Some accused China of changing the status quo in the South China Sea by taking unilateral actions that caused tensions in […]

The EU risks trade relations with China over the Tata hype about steel

  It is indisputable that we are running a very important period regarding the trade relations between China and the EU. On the one hand, it is only today that the Commission’s online public consultation on future measures to prevent dumped imports from China is closing; a consultation which had earlier opened on 10 February. The EU is conducting […]

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

What happens in China is more important for the European economy than a meagre fall of unemployment in the Eurozone. Last Tuesday, China said its February exports dived by a record 25.4%, fuelling new fears for a bigger slowdown in the world economy. At the same time, a Press release by Eurostat, the EU statistical […]

Pumping more money into banks but leaving them unregulated doesn’t help

On Thursday 25 February, this newspaper concluded that “the other major central banks in Europe, China, Japan and elsewhere appear ready to fill the gap that the Fed plans to leave in the ‘money for nothin’ game”. This week’s developments completely justified this prediction. The immediate result is a new appreciation of the dollar with […]

The right approach to addressing overcapacity problem from a Chinese perspective

This article was written for the Sting by HE Ambassador Yang Yanyi of the Chinese Mission to EU The recent weeks have seen further worrying moves in Brussels. The European Commission opened new anti-dumping investigations on steel products originating from China, and the European steel industry organized a demonstration against so-called Chinese dumping on the […]

Is there a way out of the next financial crisis? Can more printed money or austerity save us all?

Every time Mario Draghi, the President of the European Central Bank, tries to fight very low inflation and indirectly support growth and job creation in Eurozone with monetary measures, the Germans stand in his way. Last Thursday 28 January, Jens Weidmann, the governor of the German central bank the Bundesbank, did it again. In an […]

China’s 13th Five Year Plan and the opportunities for Europe

Amid substantial interest of the global community about China’s growth and only a few months before the launch of the 13th five year plan of the country, a stimulating event took place in Brussels earlier this week analysing the aims of China’s new 2016-2020 development strategy. The event, which was organised by Friends of Europe, hosted two […]

Why are the financial markets shivering again?

The major central banks of the world are currently in the middle of a precise but of dubious results surgical operation on capital markets. On the one hand, the monetary authorities aim at supporting the real economy by injecting more cash into the financial system. On the other, they try to mitigate the risky super […]

WEF Davos 2016 LIVE: “Chinese economy has great potential, resilience and ample space for policy adjustment”, China’s Vice President Li Yuanchao reassures from Davos

On the afternoon of the second day of the World Economic Forum in Davos and amidst a wide worry about the financial turmoil that China’s and the world’s stock markets face, the Vice President of the People’s Republic of China, Mr Li Yuanchao came to the rostrum to give a much anticipated speech. China’s New Normal […]

WEF Davos 2016 LIVE: “There is a communication issue (about China) which markets don’t like” Christine Lagarde, Managing Director of IMF stresses from Davos

At the second day of the World Economic Forum 2016 in Davos the world was anticipating very much the session on China’s outlook and how its growth slowdown affects the entire world. This issue was addressed in a session called “Where is the Chinese Economy heading?” which took place in Sanada room of the Davos Congress […]