The world is preparing for significant trade disruption. While protectionism is making a return and countries such as the United States are trying to strengthen their critical economic sectors, the retreat from free trade is accelerating under President Donald Trump – with far-reaching consequences, particularly for the fight against climate change.
By Nico Beckert
The world is preparing for significant trade disruption. While protectionism is making a return and countries such as the United States are trying to strengthen their critical economic sectors, the retreat from free trade is accelerating under President Donald Trump – with far-reaching consequences, particularly for the fight against climate change.
By Marcel Grzanna
Germany wants to become less dependent on China. In truth, however, German consumers and companies are moving in the opposite direction: Germany is buying more and more goods from China. Disentanglement seems illusory for the moment.
By Frank Sieren
The country presentations at the Consumer Products Hainan Expo show the status of German-Chinese relations – and how other countries deal with China. German exhibitors are not even mentioned by the exhibition and are only active on the sidelines. France, on the other hand, is the guest of honor.
By Frank Sieren
Joe Biden will travel to Asia for the first time since he took office as US president. Despite the Ukraine war, the dispute with China remains an important element of US policy. Washington wants to prevent China from attacking the Western-dominated "rules-based order". To its allies in the region, Washington wants to make new economic cooperation palatable.
By Christiane Kuehl
The trade statistics of 2021 show no sign of decoupling. The Chinese economy is more embedded into the global economy than ever before. Both China's imports and exports have grown by around 30 percent. However, China is buying less from the US and more from Asia and New Silk Road countries. The Americans' policy has dried up.
By Frank Sieren
In January, a huge economic free-trading area will be established with the RCEP. What was intended to be a free trade agreement of the Southeast Asian confederation ASEAN, now mainly benefits China, Japan and South Korea. In this way, the People's Republic is becoming part of a regional free trade agreement for the first time.
By Christiane Kuehl
The Regional Comprehensive Economic Partnership (RCEP), the largest trade agreement in the world, enters into force in January 2022. RCEP is part of China’s larger push to regionalize trade, secure supply chains in its neighborhood, and thereby reduce its vulnerability to supply disruptions caused by geopolitical tensions. RCEP also aims to open new markets for Chinese companies in the region. Establishing a level playing field and higher environment and labor standards are not RCEP’s top priority: in these areas it lags behind China’s existing trade agreements with developed economies.
By Redaktion Table
