Translation Tag: economic cooperation
In an academic journal published by the China Institutes of Contemporary International Relations, a top think tank under the Ministry of State Security, scholars from Beijing Foreign Studies University analyze evolving debate on China in Germany, half a year into the federal German “traffic light” coalition. They argue that Germany sees China as both an economic competitor that “will surpass it” and a “world economic and political superpower” on which it is dependent economically. As a result of what they term this “extremely contradictory” assessment of China, there are still “some positive elements that should receive more attention” from Chinese policymakers seeking to further develop a practical, cooperative China-Germany relationship. The authors conclude by arguing that China should leverage “the internal rifts among the Western allies [that]…will be difficult to heal” to its advantage in creating a “new space for great power diplomacy with Chinese characteristics” and an “international environment conducive to China.”
In this roundtable, scholars from Fudan University and several invited guests debate the degree of convergence between U.S. and EU outlooks on China, the likely trajectory of EU trade and investment ties with China, and what type of role the EU should play in China’s international strategy going forward. Most of the scholars argue that Europe-China relations have deteriorated over the past years. However, many appear optimistic that there is considerable room for EU-China cooperation going forward, on matters from the green energy transition, to supporting developing countries weather shocks from COVID-19, to the Ukraine war. On the Russia-Ukraine war, one scholar suggests that a “substantial push by China to end the Russia-Ukraine conflict would help greatly to improve China-EU relations,” while others suggest that the degree to which the EU leads a resolution will be a “weathervane of its strategic autonomy” and determine whether the EU can avoid being marginalized in China’s foreign strategy.
The former Bank of China vice president outlines the role SWIFT plays within the international banking system and explains the effects the Russian economy will experience following the country’s removal from the system.