Author(s): Peter Havlik
Date published: Jun 2019
SUERF Policy Note, Issue No 76
by Peter Havlik, The Vienna Institute for International Economic Studies (wiiw)
Chinese economy will overcome the US before the end of the next decade. This catching-up process and its global consequences have raised much concern recently. China became a ‘strategic adversary’ for the USA, the EU’s reaction has been rather hesitant. This Note discusses some aspects of a new emerging global order, arguing that rather than turning to protectionism the rising Chinese FDI should be considered as an opportunity. EU policies with respect to China should be pro-active and shaped by recognising this tendency as a ‘new normal’.
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