Country: European Union
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China Poised to Shield Economy from Global Shocks as PM Li Qiang Courts Investors
China is reinforcing its position as a global economic anchor, with Premier Li Qiang stating that Beijing is prepared for external shocks that may exceed expectations. Speaking at the China Development Forum CDF on Sunday, Li said the Chinese ...
The End of the West and the Future of China
U.S. President Donald Trump's decision this week to pause military funding for Ukraine and to align his government with Russia further widens the cleavage between the United States and Europe — effectively breaking what has long been known as "the West." ...
Is Europe Facing a “Lost Decade” Across the Global South?
By Lukas Fiala With Europe scrambling to adjust to a world in rapid transition, two key events will shape the continent’s ability to sustain competition with China across the Global South. The first was exemplified by Germany’s election last Sunday, which ...
China FM to Visit Europe, U.S. Before G20 Talks in S. Africa
Chinese foreign minister Wang Yi will visit Europe and the United States this month before attending a Group of 20 meeting in South Africa, Beijing said on Monday. The announcement comes after Wang's U.S. counterpart Marco Rubio said he would skip ...
Somali Pirates Demand Ransom for Chinese Vessel
Somali pirates who hijacked a Chinese fishing boat have demanded a ransom payment for the vessel and its 18 crew members, police and local officials said on Saturday. It was not immediately clear when the ship was taken hostage by gunmen wielding ...
What China’s Green ‘Overcapacity’ Could Mean for the Global South
By Xie Ruohan "Overcapacity” is a word that has dominated the global political agenda this year. In an April visit to China, U.S. Treasury Secretary Janet Yellen privately and publicly raised the Chinese economy’s “imbalances and overcapacity.” Yellen expressed worries that this overcapacity ...
North-South Trade Tensions Mark the Opening of a Gloomy COP29
The UN’s COP29 climate summit opened in Baku, Azerbaijan, on Monday. The first day was derailed by agenda negotiations following a request by China and the rest of the BASIC negotiating group (Brazil, South Africa, and India) for talks on carbon border taxes and other environmentally-minded trade restrictions. ...
Global Gateway in Africa: Europe’s Answer to China’s Belt and Road
The European Commission's Global Gateway initiative will turn three years old in December. The $300 billion infrastructure initiative was launched with great fanfare to provide developing countries in Africa and elsewhere with an alternative to China's Belt and Road Initiative.
Climate Change, Economics Muddy West’s Drive to Curb Chinese EVs
By Oliver Hotham and Mary Yang China's meteoric rise as the world's powerhouse of electric vehicle production makes Western efforts to curb their exports a tough sell -- and means they could even stifle the fight against climate change, analysts warn. ...
China’s Global Car “Blitzkrieg”: 6 Million Exports Set to Shake the Auto Industry
Ford Motor CEO Jim Farley recently returned from one of his regular visits to China and warned his team at the company's headquarters in Dearborn, Michigan, that the venerable automaker faces an "existential threat" from Chinese automakers. Farley should be ...
Westlessness: A New Era Where the West Still Matters, Just Not as Much
Chinese President Xi Jinping has long touted the East's rise and the West's decline, the kind of thinking that's triggered his supporters to fantasize about a post-Western geopolitical order. While it's indisputable that U.S. and European countries, which ...
A New Vision for European Engagement in Africa (Beyond Confronting China)
Europe is Africa's largest trading partner and its largest source of foreign direct investment. But a lot of that economic engagement is powered by inertia, left over from Europe's long, painful history of colonial exploitation in Africa.