Should the EU Develop “European Champions” to Fend Off Chinese Competition?

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Publication Date 05/03/2020
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France and Germany want the European Commission to allow more tie-ups of manufacturers if they are facing unfairly subsidised competitors from China and elsewhere. But it is unlikely that this policy would work without cross-subsidising European ‘champions’ through higher prices for European customers. The EU would do better to tackle distorting Chinese policies using trade and investment defences, however slow and frustrating that may be – while directing aid to early-stage ventures that may turn into the world-beating products in the future.

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ESO Records
EPRS Briefings: Competition in the EU and globally
SIEPS European Policy Analysis: European industrial policy and state aid – a competence mismatch?

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