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 […]

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 […]

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 […]

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 […]

Trump to run America to the tune of his business affairs

In the short period after the 8 November election that brought him to the Oval Office of the White House for the next four years, President – elect Donald Trump has more or less outlined the policy mix he is going to implement as from 20 January. His choices for key government positions and his […]

What the US and the world can expect from the 8 November election?

From Beijing and Tehran to Brussels and London, and further away to Mexico City and Caracas the night of 8 November will create a landmark in contemporary world history. The results of the US election and the new occupant of the White House in Washington D.C will certainly affect the way the world turns around. […]

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 […]

China Unlimited Special Report: The trip to China

The European Sting, the media partner of the China Unlimited competition, travelled to China from the 22nd July to the 2nd of August 2016 to cover the prominent European delegation to China. The trip was divided into two parts: the capital Beijing and the Ningxia Hui Autonomous Region. A rich programme in Beijing kept the strong […]

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 […]

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 […]

EU to pay a dear price if the next crisis catches Eurozone stagnant and deflationary; dire statistics from Eurostat

Amidst the historically worst first week of a year since stock exchange records exist, the Eurozone economy remains stagnant and appears clearly unable to offer itself and the rest of the global economy a sigh of relief. All along the first week of the New Year Eurostat kept airing quite disappointing statistics for the Eurozone […]

Capital markets selloff: The financial moguls send messages to monetary authorities

The wild selloff in the major capital markets of the world that culminated last Monday, the first working day of the New Year and continued on Wednesday for a fifth day in row was not just an overreaction to the anticipated slowdown of the Chinese economy, as almost all chief analysts assumed in mainstream media. […]

The UN supports Europe’s military action in Libya and the Mediterranean; Russia and China agree

Last Friday 9 October the UN Security Council and its five permanent members unanimously decided to actually trade entire nations and geographical regions between them. To this effect they authorized the European Union to employ warships in the Libyan waters to “board ships for inspection, seize and even dispose of vessels suspected of being used […]

China is the first non-EU country to invest in Europe’s €315 billion Plan

China is the first non-EU country to contribute to the Juncker Commission’s €315 billion Investment Plan. Until today only nine out of the 28 EU countries have announced their participation in this major project aimed at reviving the sluggish European economy. Beijing has not yet specified the amount to be invested in the Plan but […]

A Sting Exclusive: “The Chinese economy is steady and moving in the right direction”, Ambassador Yang of the Chinese Mission to EU underscores from Brussels

Last summer stock markets in Europe and around the world suffered significant losses due to major turbulences in the Chinese markets. The European Sting following the matter very closely invited Mrs Yang Yanyi, Ambassador and Head of Mission of People’s Republic of China to the European Union, to provide her insights about the stock market plunge in China and also about […]

A new global financial crisis develops fast; who denies it?

During the last two weeks the world’s largest stock markets had a wild time not seen since Lehman Brothers went bust on 15 September 2008. The New York stock exchange in Wall Street lost more than 8% of its capitalization in a few days and then recovered some of the losses to close last Friday […]

Britain and Germany change attitude towards the European Union

Two different developments, completely unrelated with each other, at least in the first reading, took place yesterday and may shape the future of the European Union in the near future. In the first instance the British Prime Minister, David Cameron, on official visit to China, had a quite unpleasant morning yesterday being badly molested by the […]

New chapters in EU-China trade disputes

This year there was no summer recess for the European Commission Directorate General for Trade (DG TRADE) and more precisely for the Directorate C which is competent for Asia. China kept the department’s bureaucrats busy all along this August, because on the 7th and the 16th of this month the Directorate produced two major cases […]

EU Commission retracts on the Chinese solar panel case

In an unexpected move the European Commission announced on Wednesday 7 August that it “…continues anti-subsidy investigation on solar panels from China…”, and this only a few days after Commissioner Karel De Gucht, responsible for foreign trade had announced on 27 July that the issue had been concluded ‘amicably’ between Brussels and Beijing. In contrast […]

China hopes EU Commissioner De Gucht drops super anti-dumping tariff on solar panels

With EU – China bilateral trade volume at more than €1 billion a day and both ways investment flows at around €20bn a year, accusations and complaints over state subsidies, dumping and other trade distorting practices exchanged between the two giant partners seem unimportant. Yet the recent proliferation of the anti-dumping and anti-state-subsidies measures adopted […]

Commission’s action against imports from China questioned

According to European Commission’s procedures, the legal dead line for a decision to be taken on the imposition or not of provisional tariffs on European imports of Chinese solar panels, expires tomorrow 5 June. It must be noted however that the EU Trade Spokesman John Clancy, when issuing a Press release on 27 May noted […]

Germany to help China in trade disputes with Brussels

The visit of the new Prime Minister of the People’s Republic of China and party secretary of the State Council, Li Keqiang to Germany paid tangible dividends. After meeting with the German Chancellor Angela Merkel he got an official and public promise from her that Berlin will intervene in the Brussels procedures, to cool down […]

The EU threatens to impose extra import duties on Chinese products

The powerful EU’s executive arm, the European Commission, announced yesterday its proposal for a new legislation targeted at strengthening the protection of home businesses and products from external competition. It’s a clear effort to help the Union’s economy overcome a deepening recession. The new legislations will be in force early in 2014, after being approved […]

EU Commission closer to imposing anti-dumping duties on Chinese solar panel imports?

According to well-informed Brussels sources, the European Commission secured last week a non-binding authorisation by the EU member states, to impose anti-dumping measures on imports of solar panels and components originating from China. The same sources say, however, that the Commission denied that this will lead to an immediate imposition of such measures and characterised […]

Chinese economy to raise speed and help the world grow

According to the Organisation for Economic Cooperation and Development (OECD), the Chinese economy is bound to resume in strength in 2013 and attain an enviable 8.5% growth rate, after a relatively slow year in 2012, when it marked its slowest yearly GDP increase for years at 7.5%. OECD insists however that the relative slow-down of […]

Chinese “BeiDou” GPS goes to market

Towards the end of last year Beijing announced the opening of its Geostatic Positioning System for civic and commercial users in the region of Asia and Pacific, adding that the China Satellite Navigation Office is working fast to extend the area covered by this satellite umbrella named “BeiDou”. A GPS system “provides location and time information […]

Do the EU policies on agro-food smell?

If we believe what is written in the Treaties, in the European Union everybody is equal and the same flag of democracy waves above the heads of all. But wait a moment. What was that, some English writer, one George Orwell, said in his novel, the Animal Farm? Ah yes, that some are more equal […]

How many more financial crises in the West can the world stand?

“After five years of crisis the world economy is weakening again”, states bluntly the very first phrase of the editorial of OECD’s latest economic report, published on 28 November. Actually it couldn’t be differently, because the US economy doesn’t seem to respond well to therapy and Europe is in a much worse state. But let’s […]