News
US President Joe Biden wants to support domestic green industries with billions. In Europe, many now smell protectionism and a disadvantage for their economy. Trade experts and companies are more relaxed than politicians.
By Nico Beckert
Business representatives frequently accuse the Chinese government of unfairly supporting its domestic companies. And indeed, there are some high-profile cases. But China's subsidies in the field of research and development hardly have any positive effects. The framework conditions for innovation also leave much to be desired. But Beijing is taking great efforts to make its economy more innovative.
By Nico Beckert
In the trade dispute between the US and the EU, China regularly emphasises the openness of its own market. In practice, however, companies perceive the situation differently: they encounter barriers to entry and compete with highly subsidised rivals. Concerns about this are growing - especially since Chinese industry has now caught up in terms of product range and technical expertise.
By Redaktion Table
Joerg Wuttke in conversation with Frank Sieren: The President of the EU Chamber of Commerce in China believes sanctions are wrong, argues for pushing ahead with the investment agreement, and sees only limited European political influence on China. While the EU should protect itself against unfair competition from Chinese state-owned enterprises, it should see competition from private companies as an incentive. The goal of the policy should be a prosperous China. At the same time, Wuttke warns Beijing not to squander its opportunities out of overconfidence.
By Frank Sieren
EU Trade Commissioner Dombrovskis makes it clear: The CAI investment agreement between the EU and China is not dead – but there are significant hurdles. According to EU parliamentarians, it could take years to dismantle them. However, while the CAI is stuck, there is a lot of work going on in other areas. Brussels wants to better protect European companies from unfair competition from state-subsidized companies and make their own supply chains more independent. That, too, is aimed at China.
By Amelie Richter