Author (Person) | Schmucker, Claudia, Wolff, Guntram B. |
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Publisher | German Council on Foreign Relations (DGAP) |
Series Title | DGAP Policy Briefs |
Series Details | Number 33 |
Publication Date | November 2022 |
ISSN | 2198-5936 |
Content Type | Research Paper |
Summary:As the German Chancellor heads to Beijing – the first visit by a G7 leader since the pandemic began, Germany and the European Union (EU) must reevaluate their approach to China, especially after the recent Communist Party Congress further cemented a system of uncontested authoritarian power. European unity is critical in dealing with China. Russia’s war in Ukraine has exposed Germany’s energy dependency and many Western companies have had to leave Russia. To be prepared for a possible escalation of geopolitical tensions with China, Germany needs to draw lessons and review critical dependencies and corporate risks. Better corporate risk management, a diversified trade policy, and a targeted industrial policy are necessary to manage economic risks. |
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Source Link |
https://dgap.org/en/research/publications/managing-risks-eu-china-economic-relationship
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Subject Categories | Politics and International Relations, Trade |
Subject Tags | Bilateral Relations |
Countries / Regions | China, Germany |
International Organisations | European Union [EU] |