Country: European Union
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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.
Who Gets to Tell the Africa-China Story?
So much of the framing of Chinese engagement in Africa is done through the prism of Western media, academia, government, and civil society. Stories about debt traps, malign influence, and exploitation are all firmly embedded in the larger discourse about Africa's ...
Who Will Succeed Amidst Global Economic Fragmentation?
By Lukas Fiala It’s hard to go a day without reading about new economic security measures on either side of the Atlantic. From EU tariffs on Chinese electric vehicles to the U.S. Treasury’s sanctions on China’s dual-use trade with Russia, the ...
Does Europe Want to Compete With China in the Global South?
By Lukas Fiala When Ursula von der Leyen took on the top job in Brussels back in 2019, she vowed to transform the European Union’s quasi-government—the European Commission—into a “geopolitical Commission.” Little did EU bureaucrats ...
The Infrastructure Cold War
This week, the U.S. House Foreign Affairs Committee heard testimony about foreign investments channeled by the Development Finance Corporation (DFC), an agency founded in the late Trump era and key to the implementation of the Partnership for Global Infrastructure and Investment (PGII), the Biden administration’s global infrastructure rollout ...
Bridging the $3 Trillion Investment Gap: Debt Relief and the Race to Achieve the SDGs and Paris Agreement
By Marina Zucker-Marques This week, policymakers, civil society leaders, researchers, and others will gather in Washington, D.C., for the 2024 International Monetary Fund (IMF)/World Bank Group Spring Meetings. The meetings come as many ...