Author : Fatoumata Diallo
Publisher :
ISBN 13 : 9789188551160
Total Pages : 55 pages
Book Rating : 4.5/5 (511 download)
Book Synopsis Emerging Giant Shaking Up the EU? by : Fatoumata Diallo
Download or read book Emerging Giant Shaking Up the EU? written by Fatoumata Diallo and published by . This book was released on 2020 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chinese Foreign Direct Investment (FDI) has experienced an exponential surge globally over the past decade, challenging the traditional norms of international investment. The influential role of the party-state in shaping economic policies has remained a perennial element of China’s governance model. Forty years into the economic liberalization drive, China’s FDI policies and strategy have undergone major restructuring. The post-2008 global recession and China’s GDP growth slowdown – a result from its economic rebalancing efforts, created stronger impetus for Chinese firms to invest overseas and particularly in Europe. Concerns have, however, emerged about the long-term consequences of Chinese firms’ foray into European markets, as the accelerated trend of acquisitions in strategic sectors as well as the lack of reciprocity and openness in commercial relations with China, entails far-reaching consequences for the competitiveness and technological leadership of European enterprises on the long term. Despite those challenges, it would be counterproductive to interpret Chinese economic engagement solely as a predatory geopolitical move to weaken the EU and “buy off” its technology. Investments from Chinese enterprises represent important opportunities for EU countries, conditioning the need to adopt a pragmatic approach, balancing the risks and gains of engaging with this emerging economic giant.